Today's picks: From Wipro to Adani Ports, hot stocks to watch on Thursday

Nifty      

Current: 10,890  (fut: 109,210) Target: NA

Stop-long positions at 10,825. Stop-short positions at 10,775. Big moves could go till 11,075, 10,750. A long 11,100c (47), long 11,700p (57) can be offset with short 11,200c (24), short 11,600p (39). Total cost 41. Breakeven at 11,659, 11,041.

 

Bank Nifty      

Current: 27,484   (futures: 27,530)

Target: NA 

Stop-long positions at 27,375. Stop-short positions at 27,675. Big moves could go

till 27,900, 27,125. Trend unclear and may be driven by individual bank results.

 

Wipro           

Current price: Rs 336

Target price: Rs 342

Keep a stop at 332 and go long. Add

to the position between 339-341. 

Book profits at 342. 

 

Bharti Airtel    

Current price: Rs 334

Target price: Rs 328

Keep a stop at 337 and go short.

Add to the position between 329-330.  Book profits at 328.

 

Adani Ports        

Current price: Rs 390   

Target price: Rs 383

Keep a stop at 394 and go short.

Add to the position between 384-386.  Book profits at 383.  Target prices, projected movements in terms of next session, unless otherwise stated


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