TODAY’S PICKS

Nifty Bank

Current: 26,956 (fut: 26743) Target NA. Stop long positions at 26,650. Stop short positions at 26,850. Big moves could go till 27,025, 26,450. The rally was largely short-covering and the financial index may open low, given discount to underlying.

Hindustan Unilever

Current price: ~1,611

Target price: ~1,590

Keep a stop at ~1,625 and go short. Add to the position between ~1,595 and ~1,600. Book profits at ~1,590.

DEVANGSHU DATTA Nifty

Current 10703 (fut: 10736, Target: NA Stop long positions at 10,650. Stop short positions at 10,800. Big moves could go till 10,600, 10,850. The index went up on short-covering with a very adverse advance-decline ratio.

Tech Mahindra

Current price: ~712

Target price: ~725

Keep a stop at ~705 and go long. Add to the position between ~720 and ~722. Book profits at ~725.

Tata Motors

Current price: ~283

Target price: ~ 278

Keep a stop at ~286 and go short. Add to the position between ~279 and ~280. Book profits at ~278.

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