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:   
|
|
|
|

Read More

Today's picks

The index closed bearish.

Quick Links

 

Market News

We won't stop looking at acquisitions: Siraj Chaudhry

Interview with Chairman, Cargill India

Govt to aid coffee growers in fight against pest attacks

The severity of WSB attacks has been such that many estates have resorted to uprooting arabica plants to avoid further damage

HKEx aims to expand mini contracts to more metals and coal

Hong Kong Exchanges and Clearing Ltd (HKEx) plans to expand the range of its three "mini" contracts to include more base metals as well as coal, ...

Adverse market conditions forcing closure of oilseed crushers

Refiners prefer to import crude palm oil from Malaysia and Indonesia, finding this cheaper than local crushing

Muhurat trading: Sensex gains 64 points; Nifty ends at 8015

Markets gained for the fifth straight session to end the customary 'Muhurat' trading session held to usher in Samvat 2071 on a firm note

Back to Top