Todays picks: From Sun Pharma to ONGC, hot stocks to watch on Wednesday – Business Standard

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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

This post was originally published on *this site*