Today's picks: From Wipro to Tata Steel, hot stocks to watch on Friday

Topics Todays picks

Bombay Stock Exchange
Nifty

 
Current: 11,573 (11,624)
Target: NA

Stop-long positions at  11,525. Stop-short positions at 11,700. Big moves could go till 11,800, 11,425. A correction based on profit booking may be due.  A long Oct 3, 11,500p (67),  short 11,400p (49) could gain 15-20 on a reaction.

Bank Nifty

 
Current: 30,013 (fut: 30,264)
Target: NA

Stop-long positions at 30,000. Stop-short positions at 30,400. 
Big moves could go till 30,650, 29,800. Trend could go negative on profit booking.

Wipro

 
Current: Rs 237
Target: Rs 241
Keep a stop at  235 and go long.  Add to the position between 239 and 240. Book profits at 241. 

IOC

 
Current: Rs 144.5
Target: Rs 148
Keep a stop at 143 and go long.  Add to the position between 146.5 and 147.5. Book profits at 148. 

Tata Steel

 
Current: Rs 375 
Target: Rs 369
Keep a stop at 379 and go short. Add to the position between 370 and 371. Book profits at 369. 




Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel