Today's Picks: 17 October, 2017

Nifty, Bank Nifty, Bajaj Finance, Hindustan Unilever and Bharti Airtel

Nifty 

Current: 10,231 (fut: 10,255), Target: NA

Stop-long positions at 10,175. Stop-short positions at 10,325. Big moves could go till 10,375, 10,125.  A butterfly of long 10,200c (98), two short 10,300c (43x2), long 10,400c (17) costs 29 and it could pay a maximum of 71 at an index value of 10,300.  

Bank Nifty 

Current: 24,703 (fut: 24,756)

Target: NA

Stop-long positions at 24,625. Stop-short positions at 24,875.  Big moves could go till 25,000, 24,500. The financial index is much less bullish than the broader market.

Bajaj Finance  

Current price: Rs 1,886  

Target price: Rs 1,855 

Keep a stop at Rs 1,905 and go short. Add to the position between Rs 1,860 and Rs 1,865. Book profits at Rs 1,855.

Hindustan Unilever 

Current price: Rs 1,281

Target price: Rs 1,305

Keep a stop at Rs 1,270 and go long. Add to the position between Rs 1,295 and Rs 1,300. Book profits at Rs 1,305. 

Bharti Airtel     

Current price: Rs 453 

Target price: Rs 445

Keep a stop at Rs 458 and go short. Add to the position between Rs 447 and Rs 449. 

Book profits at Rs 445.
 

Target prices, projected movements in terms of next session, unless otherwise stated