TODAY’S PICKS
Nifty
Current: 11,053 (fut 11,086)
Target: NA
Stop-long positions at 11,000. Stop-short positions at 11,155.
Big moves could go till 11,225, 10,950. A long Mar 25 11,200c (26), short 11,300c (9) could gain 15-20 if the Nifty futures moves till 11,150.
Bank Nifty
Current: 27,625 (fut: 27,700) Target: NA
Stop-long positions at 27,550. Stop-short positions at 27,850. Big moves could go till 28,050, 27,350. Momentum indicators suggest the Bank Nifty may see a selloff in the next two sessions. A short Mar 14 27,000p (67), long Mar 28, 27,000p (175) costs 108 with a likely breakeven at 26,875.
Wipro
Current price: ~277
Target price: ~282
Keep a stop at ~275 and go long. Add to the position between ~280 and ~281.
Book profits at ~282.
UPL
Current price: ~877
Target price: ~890
Keep a stop at ~870 and go long. Add to the position between ~886 and ~889.
Book profits at ~890.
ZEEL
Current price: ~471
Target price: ~464
Keep a stop at ~475 and go short. Add to the position between ~465 and ~467.
Book profits at ~464.