Today's Picks: 24 October, 2017

Nifty, Bank Nifty, Bharti Airtel, Cipla and Infosys

Nifty 
 

Current: 10,185 (fut: 10,196), Target: NA

Stop-long positions at 10,125. 

Stop-short positions at 10,270. Big moves could go till 10,350, 10,050.  Infosys results may have a big influence on the index. A long 10,100p (19), long 10,300c (11) has breakevens at 10,070, 10,330.

Bank Nifty 
 

Current: 24,088 (fut: 24,166)

Target: NA

Stop-long positions at 24,050. Stop-short positions at 24,275. Big moves could go till 24,475. 23,850. The financial index is more bullish than the Nifty.

Bharti Airtel 
 

Current price: Rs 497.5 

Target price: Rs 507 

Keep a stop at Rs 492 and go long. Add to the position between Rs 503 and Rs 505. Book profits at Rs 507.

Cipla  
 

Current price: Rs 593 

Target price: Rs 585

Keep a stop at Rs 599 and go short. Add to the position between Rs 586 and Rs 588. Book profits at Rs 585.

Infosys     
 

Current price: Rs 939; Target: NA

Stop-long positions at Rs 920. Stop-shorts at Rs 960. Big moves could go till Rs 990, Rs 890. Infosys has weightage of almost 5 per cent in the Nifty and high influence on other IT stocks. (Trading call for next 2 sessions)
 

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