Today's Picks: 26 October, 2017

Nifty, Bank Nifty, State Bank of India, Larsen & Toubro & Bajaj Finance

Nifty 

Current: 10,295 (fut: 10,290), Target: NA

Stop-short positions at 10,350. Stop-long positions at 10,225. 

Big moves could go till 10,175, 10,400. 

The on-the-money straddle of 10,300c (24), 10,300p (32) has breakevens at 10,355, 10,245 

So the market expectation is for a tightly ranged settlement session.

Bank Nifty 

Current: 25,035 (fut: 24,992)

Target: NA

Stop-short positions at 25,100.

Stop-long positions at 24,900. 

Big moves could go till 24,800, 25,200. 

There could be some profit booking in PSUs but short-covering 

in high-weighted private banks might balance that.

State Bank of India 

Current price: Rs 325

Target price: Rs 315 

Keep a stop at Rs 329 and go short. 

Add to the position between Rs 318 and Rs 320. 

Book profits at Rs 315.

Larsen & Toubro 

Current price: Rs 1,204

Target price: Rs 1,225

Keep a stop at Rs 1,190 and go long.

Add to the position between Rs 1,215 and Rs 1,220. 

Book profits at Rs 1,225.

Bajaj Finance  

Current price: Rs 1,726 

Target price: Rs 1,700

Keep a stop at Rs 1,740 and go short. 

Add to the position between Rs 1,705 and Rs 1,710. 

Book profits at Rs 1,700.

Target prices, projected movements in terms of next session, 

unless otherwise stated