Today's picks: November 23, 2017
Nifty, Bank Nifty, Mahindra & Mahindra, Axis Bank, HIndalco
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Last Updated : Nov 23 2017 | 6:00 AM IST
Nifty
Current: 10,342 (fut: 10,360) Target: NA
Stop-long positions at 10,275. Stop-short positions at 10,435. Big moves could go till 10,475, 10,225. A long 10,300p (42), 10,200p (19), could gain 15-20 if the index falls till 10,250.
Bank Nifty
Current: 25,766 (futures: 25,803)
Target: NA
Stop-long positions at 25,700. Stop-short positions at 25,900. Big moves could go till 26,100, 25,500. The short-term trend may have a small downwards bias.
Mahindra & Mahindra
Current price: Rs 1,429
Target price: Rs 1,455
Keep a stop at Rs 1,415 and go long. Add to the position between Rs 1,445 and Rs 1,450. Book profits at Rs 1,455.
Axis Bank
Current price: Rs 540
Target price: Rs 530
Keep a stop at Rs 545 and go short. Add
to the position between Rs 532 and Rs 534. Book profits at Rs 530.
HIndalco
Current price: Rs 258
Target price: Rs 254
Keep a stop at Rs 260 and go short. Add to the position between Rs 255 and Rs 256. Book profits at Rs 254.
Target prices, projected movements in terms of next session, unless otherwise stated