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

More demand for cheaper diamond jewellery exports

Buyers pick up low priced ornaments this year compared to high priced ones earlier, producers rely on hopes

Weekly: Markets retain winning streak on Fed outcome

Dr Reddy's , Hero MotoCorp, TCS and Maruti among the top gainers

Di Bella Coffee brews second stint in India

Last year, Di Bella had terminated licence agreement with JV company Di Bella India

Markets retain winning streak on Fed outcome

Scotland's decision to stay in the United Kingdom helped the investor sentiment

Alibaba surges on massive demand in trading debut

Alibaba is nearly unknown to most Americans but is ubiquitous in China, where it is responsible for 80 percent of online sales

Back to Top