Business Standard

Today's Picks: 18 October, 2017

Nifty, Bank Nifty, Axis Bank, BPCL, Infosys

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Devangshu Datta
Nifty
 
Current: 10,234 (fut: 10,256), 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 (94), two short 10,300c (39x2), long 10,400c (14) costs 30 and it could pay a maximum of 70 at an index value of 10,300.
 
Bank Nifty
 
Current: 24,644  (fut: 24,667)
Target: NA
Stop-long positions at 24,575. Stop-short positions at 24,775.  Big moves could go till 25,000, 24,300. The financial index is much less bullish than the broader market.
 
Axis Bank  
 
Current price: Rs 513 
Target price:

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