Business Standard

Today's picks: From TechM to Adani Ports, hot stocks to buy on Thursday

For Bajaj Finserv, keep a stop at Rs 6,150 and go long

markets, sebi
Premium

Devangshu Datta
Nifty 
 
Current: 11,062 (fut: 11,098)
Target: NA
Stop-long positions at 10,990. Stop-short positions at 11,205. Big moves could go till 11,275, 10,900. Extra volatility likely. Trend will depend on MPC. A long 11,300c (58), long 10,900p (84) can be offset with short 11,400c (32), short 10,800p (63).

Bank Nifty 
 
Current: 27,402 (fut: 27,466)
Target: NA
Stop-long positions at 27,275. 
Stop-short positions at 27,625. Big moves could go till 28,000, 26,900. Extra volatility likely due to MPC. If there’s a rate cut, PSU banks may outperform.

Bajaj Finserv 
 
Current price: Rs 6,209 
Target price: Rs 6,310
Keep a stop at Rs 6,150 and go long. Add to the position between

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in