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Today's picks: From Wipro to Powergrid, hot stocks to buy on Friday

For Dr Reddy keep a stop at 2,790 and go long

Devangshu Datta 

markets

Nifty

Current: 11,596 (futures: 11,670)

Target: NA

Stop-long positions at 11,575.

Stop-short positions at 11,750. Big moves could go till 11,525, 11,800.

A long Apr 18, 11,800c (14), long Apr 18 11,500p (25) has breakevens at 11,839, 11,461.

Bank Nifty

Current: 29,786 (futures: 29,956)

Target: NA

Stop-long positions at 29,800.

Stop-short positions at 30,100.

Big moves could go till 29,600, 30,300. Index trend is slightly negative.

Dr. Reddy

Current price: Rs 2,812

Target price: Rs 2,855

Keep a stop at 2,790 and go long.

Add to the position between 2,840 and 2,850. Book profits at 2,855. 

Current price: Rs 536

Target price: Rs 526

Keep a stop at 541 and go short.

Add to the position between 529 and 531. Book profits at 526.

Current price: Rs 196

Target price: Rs 192

Keep a stop at 198 and go short. Add to the position between 193 and 194. Book profits at 192.



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

First Published: Fri, April 12 2019. 06:30 IST
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