Today's picks

NIFTY, HIND UNILEVER, TATA MOTORS, MINDTREE & BANK OF BARODA

NIFTY
Current: 5,239 (May futures: 5,243);
Target: NA
Selling pressure could mean a bearish session on Wednesday. Stop-loss shorts at 5,300 and stop-loss long positions at 5,180. Breakout could be till 5,125 or 5,325. Hold a strangle of long 5,400c (38) and long 5,100p (51) or a breaspread of long 5,200p (82) and short 5,100p(51).

HIND UNILEVER
Current price: Rs 425;
Target price: Rs 445.
The stock hit new a 52-week high at Rs 434. If it crosses resistance between Rs 432 and Rs 436, it could hit the Rs 445-450 level. Keep a stop at Rs 420 and go long. Add to the position between Rs 430 and Rs 434. Book profits above Rs 445.

TATA MOTORS
Current price: Rs 304;
Target price: Rs 290
A continuation in the sell off may force the stock to test support at Rs 285-290. Keep a stop at Rs 313 and short.

Add to the position between Rs 298 and Rs 302. Book profits below Rs 290.

MINDTREE
Current price: Rs 601;
Target price: Rs 625
The stock hit a new 52-week high at Rs 612 and reacted. If it breaks out past Rs 612, it will a target of Rs 625-630. Keep a stop at Rs 592 and go long. Add to the position between Rs 610 and Rs 615.

Book profits above Rs 625.

BANK OF BARODA
Current price: Rs 758;
Target price: Rs 740
The stock could react till support at the Rs 735-740 level. Keep a stop at Rs 765 and go short. Add to the position between Rs 750 and Rs 755. Book profits below Rs 740.

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

image
Business Standard
177 22
Business Standard

Today's picks

NIFTY, HIND UNILEVER, TATA MOTORS, MINDTREE & BANK OF BARODA

Devangshu Datta  |  New Delhi 

NIFTY
Current: 5,239 (May futures: 5,243);
Target: NA


Selling pressure could mean a bearish session on Wednesday. Stop-loss shorts at 5,300 and stop-loss long positions at 5,180. Breakout could be till 5,125 or 5,325. Hold a strangle of long 5,400c (38) and long 5,100p (51) or a breaspread of long 5,200p (82) and short 5,100p(51).

HIND UNILEVER
Current price: Rs 425;
Target price: Rs 445.
The stock hit new a 52-week high at Rs 434. If it crosses resistance between Rs 432 and Rs 436, it could hit the Rs 445-450 level. Keep a stop at Rs 420 and go long. Add to the position between Rs 430 and Rs 434. Book profits above Rs 445.

TATA MOTORS
Current price: Rs 304;
Target price: Rs 290
A continuation in the sell off may force the stock to test support at Rs 285-290. Keep a stop at Rs 313 and short.

Add to the position between Rs 298 and Rs 302. Book profits below Rs 290.

MINDTREE
Current price: Rs 601;
Target price: Rs 625
The stock hit a new 52-week high at Rs 612 and reacted. If it breaks out past Rs 612, it will a target of Rs 625-630. Keep a stop at Rs 592 and go long. Add to the position between Rs 610 and Rs 615.

Book profits above Rs 625.

BANK OF BARODA
Current price: Rs 758;
Target price: Rs 740
The stock could react till support at the Rs 735-740 level. Keep a stop at Rs 765 and go short. Add to the position between Rs 750 and Rs 755. Book profits below Rs 740.

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, HIND UNILEVER, TATA MOTORS, MINDTREE & BANK OF BARODA

Selling pressure could mean a bearish session on Wednesday. Stop-loss shorts at 5,300 and stop-loss long positions at 5,180. Breakout could be till 5,125 or 5,325. Hold a strangle of long 5,400c (38) and long 5,100p (51) or a breaspread of long 5,200p (82) and short 5,100p(51).

NIFTY
Current: 5,239 (May futures: 5,243);
Target: NA
Selling pressure could mean a bearish session on Wednesday. Stop-loss shorts at 5,300 and stop-loss long positions at 5,180. Breakout could be till 5,125 or 5,325. Hold a strangle of long 5,400c (38) and long 5,100p (51) or a breaspread of long 5,200p (82) and short 5,100p(51).

HIND UNILEVER
Current price: Rs 425;
Target price: Rs 445.
The stock hit new a 52-week high at Rs 434. If it crosses resistance between Rs 432 and Rs 436, it could hit the Rs 445-450 level. Keep a stop at Rs 420 and go long. Add to the position between Rs 430 and Rs 434. Book profits above Rs 445.

TATA MOTORS
Current price: Rs 304;
Target price: Rs 290
A continuation in the sell off may force the stock to test support at Rs 285-290. Keep a stop at Rs 313 and short.

Add to the position between Rs 298 and Rs 302. Book profits below Rs 290.

MINDTREE
Current price: Rs 601;
Target price: Rs 625
The stock hit a new 52-week high at Rs 612 and reacted. If it breaks out past Rs 612, it will a target of Rs 625-630. Keep a stop at Rs 592 and go long. Add to the position between Rs 610 and Rs 615.

Book profits above Rs 625.

BANK OF BARODA
Current price: Rs 758;
Target price: Rs 740
The stock could react till support at the Rs 735-740 level. Keep a stop at Rs 765 and go short. Add to the position between Rs 750 and Rs 755. Book profits below Rs 740.

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

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard