Business Standard

Today's picks

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

Related News

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

Read more on:   
|
|
|
|

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

Read More

Today's picks

The index closed bearish.

Recommended for you

Quick Links

Market News

Nickel rises by 0.1% on Asian cues

Traders strengthened positions amid a firming Asian cues

Oil prices rise further in Asia

Expectations of a decline in US crude inventories and robust economic data from the eurozone helped prices

Markets remain rangebound; HUL up over 2%, Hindalco dips 1%

Investors are optimistic about a possible solution between Greece and its international creditors to avert a debt crisis

Pharma shares in focus; Aurobindo Pharma hits new high

JB Chemicals, Alembic Pharma, Aurobindo Pharma, Ipca Laboratories and Dishman Pharma were up 3%-11% each.

Infinite Computer gains on board approval for share buyback proposal

The stock spurted 5% at Rs 171 after the board approved the buyback of shares at a maximum price of Rs 220 per share from the open market ...

 

Back to Top