Nifty, Bank Nifty, Sun Pharma, Bajaj Finance, ONGC
Nifty
Current 11,966 (fut: 11,978),
Target: NA
Stop long positions at 11,900. Stop short positions at 12,055. Big moves could go till 12,125, 11,820. Major resistance at 12,050-12,100. A long June 13, 12,000c (25) has breakeven at 12,025, which is almost in the money.
Bank Nifty
Current: 31,265 (fut: 31,245),
Target: NA
Stop long positions at 31,100. Stop short positions at 32,400. Big moves could go till
31,600, 30,900. Trend may be positive today.
Sun Pharma
Current price: Rs 390
Target price: Rs 384
Keep a stop at 393 and
go short. Add to the position between 385-386.
Book profits at 384.
Bajaj Finance
Current price: Rs 3,552
Target price: Rs 3,600
Keep a stop at 3,525 and
go long. Add to the position between 3,585-3,595.
Book profits at 3,600.
ONGC
Current price: Rs 169
Target price: Rs 172
Keep a stop at 167 and
go long. Add to the position
between 170-171.
Book profits at 172.
Target prices, projected movements in terms of next session, unless otherwise stated
First Published: Wed, June 12 2019. 06:30 IST
read the full story about Today’s picks: From Sun Pharma to ONGC, hot stocks to watch on Wednesday
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