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Today's picks: From Wipro to ONGC, hot stocks to watch on Tuesday

For Wipro, Keep a stop at Rs 250 and go long. Add to the position between Rs 254-Rs 255. Book profits at Rs 256

Devangshu Datta 

markets
Representative Image

Nifty

Current:

11,054 (fut: 11,062)
Target: NA

Stop long positions at 10,975. Stop short positions at 11,135. Big moves could go till 11,200, 10,900. A long Aug 29, 10,900p (61), short 10,800p (40) could gain 10-15, if the index drops below 10,950.

Bank Nifty

Current:
28,186 (fut: 28,219)
Target: NA

Stop long positions at 28,050. Stop short positions at 28,375. Big moves could go till 27,900, 28,525. Trend continues to look negative.

Wipro

Current: Rs 252
Target: Rs 256

Keep a stop at Rs 250 and go long. Add to the position between
Rs 254-Rs 255. Book profits at Rs 256.

ONGC

Current: Rs 126
Target: Rs 122

Keep a stop at Rs 128 and go short. Add to the position between
Rs 123-Rs 124. Book profits at Rs 122.

Tata Steel

Current: Rs 360
Target: Rs 354

Keep a stop at Rs 363 and go short. Add to the position between
Rs 355-Rs 356. Book profits at Rs 354.


Target prices, projected movements in terms of next session, unless otherwise stated

First Published: Tue, August 20 2019. 06:30 IST
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