Business Standard

Today's picks: From Wipro to ZEEL, hot stocks to buy on Thursday

For Wipro, keep a stop at Rs 275 and go long

Devangshu Datta 

Mumbai Police's Economic Offences Wing fresh notices to 300 NSEL brokers

Nifty

Current: 11,053 (fut 11,086)

Target: NA

Stop-long positions at 11,000. Stop-short positions at 11,155.

Big moves could go till 11,225, 10,950. A long Mar 25 11,200c (26), short 11,300c (9) could gain 15-20 if the Nifty futures moves till 11,150.

Bank Nifty

Current: 27,625 (fut: 27,700)

Target: NA

Stop-long positions at 27,550. Stop-short positions at 27,850.

Big moves could go till 28,050, 27,350. Momentum indicators suggest the Bank Nifty may see a selloff in the next two sessions. A short Mar 14 27,000p (67), long Mar 28, 27,000p (175) costs 108 with a likely breakeven at 26,875.

Wipro

Current price: Rs 277

Target price: Rs 282

Keep a stop at Rs 275 and go long. Add to the position between Rs 280 and Rs 281.

Book profits at Rs 282.

UPL

Current price: Rs 877

Target price: Rs 890

Keep a stop at Rs 870 and go long. Add to the position between Rs 886 and Rs 889.

Book profits at Rs 890.

ZEEL

Current price: Rs 471

Target price: Rs 464

Keep a stop at Rs 475 and go short. Add to the position between Rs 465 and Rs 467. Book profits at Rs 464.


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

First Published: Thu, March 07 2019. 06:00 IST
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