TODAY’S PICKS
Bank Nifty
Current: 26,607 (fut: 26,636)
Target: NA
Stop-long positions at 26,500. Stop-short positions at 26,775. Big moves could go till 26,300, 26,975. Trend is positive but momentum is slowing.
Tata Steel
Current price: ~580
Target price: ~570
Keep a stop at ~585 and go short. Add to the position between ~572 and ~574. Book profits at ~570.
Nifty
Current: 10,842 (fut: 10,847), Target: NA Stop-long positions at 10,775. Stop-short positions at 10,925. Big Moves could go till 10,975, 10,725. A long 11,000c (38), long 10,700p (56), short 11,100c (17), short 10,600p (36) has break-evens at 11,041, 10,659.
Hindustan Unilever
Current price: ~1,640
Target price: ~1,670
Keep a stop at ~1,625 and go long. Add to the position between ~1,655 and ~1,665. Book profits at ~1,670.
Zee Entertainment
Current price: ~563
Target price: ~555
Keep a stop at ~568 and go short. Add to the position between ~556 and ~558. Book profits at ~555.
Target prices, projected movements in terms of next session, unless otherwise stated