Business Standard

Today's picks: Infosys to HDFC, hot stocks to watch on Thursday

For Titan, keep a stop at 1,165 and go short

Devangshu Datta 

buy and sell, markets, stocks

Nifty

Current: 11,966 (fut: 12,004)

Target: NA

Stop long positions at 11,875. Stop short positions at 12,050. Big moves could go till 12,100, 11,800. A long Nov 14, 12,100c (44), short 12,200c (21) could gain 10-15 if the index tests 12,100.

Bank Nifty

Current 30,610 (Fut: 30,675)

Target: NA

Stop long positions at 30,475. Stop short positions at 30,825. Big moves could go till 31,100, 30,225. Trend appears to remain positive.

Titan

Current price: Rs 1,156

Target price: Rs 1,135

Keep a stop at 1,165 and go short. Add to the position between 1,140-1,145. Book profits at 1,135.

Infosys

Current price: Rs 712

Target price: Rs 725

Keep a stop at 705 and go long. Add to the position between 721-724. Book profits at 725.

HDFC

Current price: Rs 2,220

Target price: Rs 2,255

Keep a stop at 2,200 and go long. Add to the position between 2,245-2,250. Book profits at 2,255.


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

First Published: Thu, November 07 2019. 06:30 IST
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