Business Standard

Today's picks: YES Bank to Eicher Motors, hot stocks to watch on Thursday

For YES Bank, keep a stop at 36 and go short

Devangshu Datta 

Equity fund managers buy Infosys, sell Reliance Industries in October

Nifty

Current:

12,201 (Fut: 12,227)
Target: NA

Stop long positions at 12,125. Stop short positions at 12,325. Big moves could go till 12,400, 12,000. Some profit-booking likely today. A long Feb 20, 12,100p (38) versus a short 12,000p (20) could gain 10-15 if the index react to 12,100 level.

Bank Nifty

Current:
31,492 (Fut: 31,563) Target: NA

Stop long positions at 31,400. Stop short positions at 31,700. Big moves could go till 31,900, 31,150. Trend could be biased down. A long Feb 20 31,200p (140), short 31,000p (94) could double in value if the index dips till 31,200.

YES Bank

Current: Rs 35.2
Target: Rs 33.5

Keep a stop at 36 and go short. Add to the position between 33.75-34. Book profits at 33.5.

Eicher Motors

Current: Rs 19,278
Target: Rs 19,500

Keep a stop at 19,225 and go long. Add to the position between 19,400-19,475. Book profits at 19,500.

Hind Unilever

Current: Rs 2,260
Target: Rs 2,300

Keep a stop at 2,240 and go long. Add to the position between 2,285-2,290. Book profits at 2,300.


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

First Published: Thu, February 13 2020. 06:30 IST
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