Target prices, projected movements in terms of next session, unless otherwise stated
Nifty
Current: 11,359 (fut: 11,419),
Target: NA
Stop long positions at 11,300. Stop short positions at 11,500. Big moves could go till 11,225 – 11,550. Trend is bearish but there could be a pullback due to short-covering. A long May 16, 11,300p (67) long May 16, 11,200p (40) could gain 15-20 if the index falls below 11,275.
Bank Nifty
Current: 28,994 (fut: 29,145),
Target: NA
Stop long positions at 28,900. Stop short positions at 29,300. Big moves could go till 29,450, 28,650. Trend remains bearish but there may be short-covering.
Hero MotoCorp
Current price: Rs 2,500
Target price: Rs 2,460
Keep a stop at Rs 2,525 and
go short. Add to the position between Rs 2,465 – Rs 2,475.
Book profits at Rs 2,460.
Britannia
Current price: Rs 2,650
Target price: Rs 2,690
Keep a stop at Rs 2,625 and
go long. Add to the position between Rs 2,680 – Rs 2685. Book profits at Rs 2,690.
Target prices, projected movements in terms of next session, unless otherwise stated
First Published: Thu, May 09 2019. 06:00 IST
read the full story about Today’s picks: From Sun Pharma to Britannia, hot stocks to buy on Thursday
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