Business Standard

Today's pick

Nifty, Bharti Airtel, Larsen & Toubro, Sterlite & Axis Bank

Related News

NIFTY
Current: 4,943 (May futures: 4,939);
Target: NA
There's resistance at 4,975 and support at 4,875 and those points can be used a stop-losses for directional trades. Breakouts could go till 5,025 or 4,825. A straddle of long 5,100c (27) and long 4,800p (41) costs 68 and it could gain 15-20 on a swing session.

BHARTI AIRTEL
Current price: Rs 304;
Target price: Rs 292
The stock is likely to test support at Rs 288-292. Keep a stop at Rs 310 and short. Add to the position between Rs 296 and Rs 300. Start booking profits below Rs 292. If it clears Rs 310, it could run till Rs 315.

LARSEN & TOUBRO
Current price: Rs 1,222;
Target price: Rs 1,180
A pullback till Rs 1,170-1,180 is likely. Keep a stop at Rs 1,240 and short. Add to the position between Rs 1,195 and Rs 1,210. Book profits below Rs 1,180. If it breaks Rs 1,240, it could run till Rs 1,265.

STERLITE
Current price: Rs 98;
Target price: Rs 89
The stock is likely to test support at Rs 93-94 and if that breaks, it could fall till Rs 87-89. Keep a stop at Rs 101 and short with a three-session timeframe. Add to the position between Rs 91 and Rs 93. Book profits below Rs 89. If it breaks Rs 101, it could run till Rs 105.

AXIS BANK
Current price: Rs 994;
Target price: Rs 965
The stock is likely to test support between Rs 955 and Rs 965 again. Keep a stop at Rs 1,010 and go short. Add to the position between Rs 975 and Rs 985. Book profits at Rs 965. If it clears Rs 1,020, it could run till Rs 1,045.


 

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

Read more on:   
|
|
|
|

Read More

Today's picks

The index closed bearish.

Quick Links

Market News

Nickel drops by 0.2% on profit-booking

Speculators locked-in gains amid a weak trend overseas

Zinc up 0.3% on firm spot demand

Speculators enlarged positions amid a firm global trend and better domestic demand

Copper up by 0.4% on global cues

Speculators created fresh positions on firm global cues

Godrej Properties hits 52-week high on strong Q3 results

The stock hit a 52-week high of Rs 288 after reporting 27% yoy growth in net profit at Rs 47 crore in December quarter.

Sensex, Nifty range bound; IT stocks gain

Maruti Suzuki, TCS, Sun Pharma, Hero Motocorp and Coal India are the top gainers

 

Back to Top