Business Standard

Today's Picks: 17 October, 2017

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

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Devangshu Datta
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

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