Business Standard

Today's picks

Nifty, Sterlite, ONGC, State Bank of India & Hind Unilever

Devangshu Datta  |  New Delhi 

NIFTY 
Current: 5,220 (March futures: 5,257); 
Target: NA 
The index bounced from support near the 200-day moving average and closed strong. It could move between 5,100 and 5,350 if it's a swing session. The prior recommendation of long 5,000p (46) and long 5,400c (70), which could gain 30 if there is a big session. A bearspread of long 5,200p (107) and short 5,100p (72) costs 35 and could double in value on a downtrend. 

STERLITE 

Current price: Rs 109; 
Target price: Rs 114
The stock has support at Rs 107-108. It could rebound till Rs 113-115 on a recovery. Keep a stop at Rs 107 and go long. Add to the position between Rs 111 and Rs 112. Start booking profits above Rs 114. If it drops below Rs 107, it could fall till Rs 103. 

ONGC 

Current price: Rs 279; 
Target price: Rs 271
There's key support at Rs 275-277. If that breaks, the stock could fall till Rs 269-271. Keep a stop at Rs 282 and go short. Add to the position between Rs 275 and Rs 277. Start booking profits below Rs 271. 

STATE BANK OF INDIA 

Current price: Rs 2,142; 
Target price: Rs 2,225
The stock bounced from support at Rs 2,100-2,120. If it crosses resistance at Rs 2,165, it could climb till Rs 2,225. Keep a stop at Rs 2,115 and go long. Add to the position between Rs 2,165 and Rs 2,175. Book profits above Rs 2,225. 

HIND UNILEVER 

Current price: Rs 385; 
Target price: Rs 405
The stock should test resistance at Rs 390-392. If it breaks out, it could climb till Rs 405 in the next three sessions. Keep a stop at Rs 381 and go long. Add to the position between Rs 392 and Rs 395. Book profits above Rs 405.


 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 picks

Nifty, Sterlite, ONGC, State Bank of India & Hind Unilever

The index bounced from support near the 200-day moving average and closed strong. It could move between 5,100 and 5,350 if it's a swing session. The prior recommendation of long 5,000p (46) and long 5,400c (70), which could gain 30 if there is a big session. A bearspread of long 5,200p (107) and short 5,100p (72) costs 35 and could double in value on a downtrend.

NIFTY 
Current: 5,220 (March futures: 5,257); 
Target: NA 
The index bounced from support near the 200-day moving average and closed strong. It could move between 5,100 and 5,350 if it's a swing session. The prior recommendation of long 5,000p (46) and long 5,400c (70), which could gain 30 if there is a big session. A bearspread of long 5,200p (107) and short 5,100p (72) costs 35 and could double in value on a downtrend. 

STERLITE 

Current price: Rs 109; 
Target price: Rs 114
The stock has support at Rs 107-108. It could rebound till Rs 113-115 on a recovery. Keep a stop at Rs 107 and go long. Add to the position between Rs 111 and Rs 112. Start booking profits above Rs 114. If it drops below Rs 107, it could fall till Rs 103. 

ONGC 

Current price: Rs 279; 
Target price: Rs 271
There's key support at Rs 275-277. If that breaks, the stock could fall till Rs 269-271. Keep a stop at Rs 282 and go short. Add to the position between Rs 275 and Rs 277. Start booking profits below Rs 271. 

STATE BANK OF INDIA 

Current price: Rs 2,142; 
Target price: Rs 2,225
The stock bounced from support at Rs 2,100-2,120. If it crosses resistance at Rs 2,165, it could climb till Rs 2,225. Keep a stop at Rs 2,115 and go long. Add to the position between Rs 2,165 and Rs 2,175. Book profits above Rs 2,225. 

HIND UNILEVER 

Current price: Rs 385; 
Target price: Rs 405
The stock should test resistance at Rs 390-392. If it breaks out, it could climb till Rs 405 in the next three sessions. Keep a stop at Rs 381 and go long. Add to the position between Rs 392 and Rs 395. Book profits above Rs 405.


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

image

LIVE MARKET

BSE 25293.64

-471.14 (-1.83 %)

NSE 7671.65

-151.35 (-1.93%)

Widgets Magazine

STOCK WATCH

Company Price() Chg(%)
Jyothy Lab. 323.80 5.71
PMC Fincorp 1.63 4.49
Cholaman.Inv.&Fn 592.95 1.35
D B Corp 311.50 0.99
Indiabulls Hous. 716.95 0.99
> More on BSE Gainers
Company Price() Chg(%)
Jyothy Lab. 322.60 4.86
Graphite India 72.10 3.00
Shrenuj & Co. 48.45 1.79
Cholaman.Inv.&Fn 597.05 1.75
Visagar Polytex 66.90 1.21
> More on NSE Gainers
Company Price() Chg(%)
Indbull.RealEst. 56.40 -12.56
H D I L 54.80 -11.33
Jindal Steel 59.15 -9.42
GMR Infra. 10.25 -9.05
Amtek Auto 28.90 -8.40
> More on BSE Gainers
Company Price() Chg(%)
Rasoya Proteins 0.20 -20.00
Indbull.RealEst. 56.50 -12.47
H D I L 54.75 -11.26
Jindal Steel 59.10 -9.36
GMR Infra. 10.25 -8.48
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price