Business Standard

Today's pick

Nifty, Sterlite Inds, JP Associates, Bharti Airtel & Reliance Capital

Devangshu Datta  |  New Delhi 

NIFTY
Current: 5,323 (April futures: 5,349;
Target: NA
The index was mildly bearish in a tightly-ranged session. A big swing could go till 5,225, or 5,425. Stop-loss shorts at 5,375 and stop long positions at 5,275. Hold a long strangle of long 5,200p (50) and long 5,500c (34). It could gain 20-25 on a big move.

STERLITE INDS
Current price: Rs 111;
Target price: Rs 106
The stock saw a steep correction that could pull it down till support at Rs 105-106. Keep a stop at Rs 113 and short. Add to the position between Rs 108 and Rs 109. Start booking profits below Rs 106. If Rs 113 is broken, it could run till Rs 117.

JP ASSOCIATES
Current price: Rs 86;
Target price: Rs 82.5
The stock saw a sharp selloff after a steep rise. It could correct until it hits support at Rs 82-83. Keep a stop at Rs 88 and short. Add to the position between Rs 84 and Rs 85. Start booking profits below Rs 83. If Rs 88 is broken, the next target would be Rs 90.


Current price: Rs 330;
Target price: Rs 323
The stock could test support at around Rs 320-323 before this correction ends. Keep a stop at Rs 334 and short. Add to the position between Rs 325 and Rs 328. Book profits below Rs 323. If Rs 334 is broken, it may rebound till Rs 340.


Current price: Rs 395;
Target price: Rs 380
The stock may test support between Rs 375 Rs 380. Keep a stop at Rs 405 and short. Add to the position between Rs 385 and Rs 390. Start booking profits below Rs 380. Be prepared for excessive intra-day volatility.


The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated

RECOMMENDED FOR YOU

Today's pick

Nifty, Sterlite Inds, JP Associates, Bharti Airtel & Reliance Capital

The index was mildly bearish in a tightly-ranged session. A big swing could go till 5,225, or 5,425. Stop-loss shorts at 5,375 and stop long positions at 5,275. Hold a long strangle of long 5,200p (50) and long 5,500c (34). It could gain 20-25 on a big move.

NIFTY
Current: 5,323 (April futures: 5,349;
Target: NA
The index was mildly bearish in a tightly-ranged session. A big swing could go till 5,225, or 5,425. Stop-loss shorts at 5,375 and stop long positions at 5,275. Hold a long strangle of long 5,200p (50) and long 5,500c (34). It could gain 20-25 on a big move.

STERLITE INDS
Current price: Rs 111;
Target price: Rs 106
The stock saw a steep correction that could pull it down till support at Rs 105-106. Keep a stop at Rs 113 and short. Add to the position between Rs 108 and Rs 109. Start booking profits below Rs 106. If Rs 113 is broken, it could run till Rs 117.

JP ASSOCIATES
Current price: Rs 86;
Target price: Rs 82.5
The stock saw a sharp selloff after a steep rise. It could correct until it hits support at Rs 82-83. Keep a stop at Rs 88 and short. Add to the position between Rs 84 and Rs 85. Start booking profits below Rs 83. If Rs 88 is broken, the next target would be Rs 90.


Current price: Rs 330;
Target price: Rs 323
The stock could test support at around Rs 320-323 before this correction ends. Keep a stop at Rs 334 and short. Add to the position between Rs 325 and Rs 328. Book profits below Rs 323. If Rs 334 is broken, it may rebound till Rs 340.


Current price: Rs 395;
Target price: Rs 380
The stock may test support between Rs 375 Rs 380. Keep a stop at Rs 405 and short. Add to the position between Rs 385 and Rs 390. Start booking profits below Rs 380. Be prepared for excessive intra-day volatility.


The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated

image

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
Take Solutions 154.85 19.99
Vijaya Bank 34.30 15.88
Sequent Scien. 864.25 15.19
Jindal Steel 63.45 10.44
Yamini Invest 46.65 9.64
> More on BSE Gainers
Company Price() Chg(%)
Vijaya Bank 34.25 16.10
Federal-Mogul Go 339.10 12.06
Jindal Steel 63.50 10.63
Suzlon Energy 15.75 9.38
Vedanta 73.90 9.08
> More on NSE Gainers
Company Price() Chg(%)
SE Investments 181.10 -7.01
Alembic Pharma 596.55 -5.77
Crompton Greaves 126.90 -5.33
ISGEC Heavy 4484.50 -5.12
Bosch 16133.20 -4.97
> More on BSE Gainers
Company Price() Chg(%)
Alembic Pharma 593.20 -6.33
Bosch 16089.10 -5.24
Ess Dee Alumin. 165.15 -4.98
Zydus Wellness 700.00 -4.68
J B Chem & Pharm 256.95 -4.46
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price