Today's picks

Nifty, YES Bank, Hero MotoCorp, Asian Paints & Axis Bank

NIFTY
Current: 5,188 (May futures: 5,206);
Target: NA
The support at 5,180 held but the index seems bearish. A swing session could go till either 5,125 or 5,275. Keep stops at 5,250 (short) and 5,150 (long). Hold a strangle of long 5,400c (31) and long 5,100p (63) or a bearspread of long 5,200p (101) and short 5,100p (63).

YES BANK
Current price: Rs 338;
Target price: Rs 325
The stock has a potential downside target of somewhere between Rs 315 and Rs 325. Keep a stop at Rs 345 and go short. Add to the position between Rs 328 and Rs 334. Book profits at Rs 325.

HERO MOTOCORP
Current price: Rs 2,073;
Target price: Rs 1,975
The stock has some support at Rs 2,055. If it falls below Rs 2,050, it could drop till Rs 1,975. Keep a stop at Rs 2,125 and short with a five-session timeframe. Add to the position between Rs 2,030 and Rs 2,050. Book profits below Rs 1,975.

ASIAN PAINTS
Current price: Rs 3,603;
Target price: Rs 3,665
The stock moved up to a new 52-week high albeit on low volumes. It could test resistance at Rs 3,625-3,635 again. A breakout will take it to Rs 3,665-3,675. Keep a stop at Rs 3,570 and go long. Add to the position between Rs 3,625 and Rs 3,635. Book profits above Rs 3,665.

AXIS BANK
Current price: Rs 1,058;
Target price: Rs 1,020
The downtrend may continue till Rs 995-1,015. Keep a stop at Rs 1,075 and short. Add to the position between Rs 1,040 and Rs 1,055. Book profits below Rs 1,020.


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, YES Bank, Hero MotoCorp, Asian Paints & Axis Bank

Devangshu Datta  |  New Delhi 



NIFTY
Current: 5,188 (May futures: 5,206);
Target: NA


The support at 5,180 held but the index seems bearish. A swing session could go till either 5,125 or 5,275. Keep stops at 5,250 (short) and 5,150 (long). Hold a strangle of long 5,400c (31) and long 5,100p (63) or a bearspread of long 5,200p (101) and short 5,100p (63).

YES BANK
Current price: Rs 338;
Target price: Rs 325
The stock has a potential downside target of somewhere between Rs 315 and Rs 325. Keep a stop at Rs 345 and go short. Add to the position between Rs 328 and Rs 334. Book profits at Rs 325.

HERO MOTOCORP
Current price: Rs 2,073;
Target price: Rs 1,975
The stock has some support at Rs 2,055. If it falls below Rs 2,050, it could drop till Rs 1,975. Keep a stop at Rs 2,125 and short with a five-session timeframe. Add to the position between Rs 2,030 and Rs 2,050. Book profits below Rs 1,975.

ASIAN PAINTS
Current price: Rs 3,603;
Target price: Rs 3,665
The stock moved up to a new 52-week high albeit on low volumes. It could test resistance at Rs 3,625-3,635 again. A breakout will take it to Rs 3,665-3,675. Keep a stop at Rs 3,570 and go long. Add to the position between Rs 3,625 and Rs 3,635. Book profits above Rs 3,665.

AXIS BANK
Current price: Rs 1,058;
Target price: Rs 1,020
The downtrend may continue till Rs 995-1,015. Keep a stop at Rs 1,075 and short. Add to the position between Rs 1,040 and Rs 1,055. Book profits below Rs 1,020.


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, YES Bank, Hero MotoCorp, Asian Paints & Axis Bank

The support at 5,180 held but the index seems bearish. A swing session could go till either 5,125 or 5,275. Keep stops at 5,250 (short) and 5,150 (long). Hold a strangle of long 5,400c (31) and long 5,100p (63) or a bearspread of long 5,200p (101) and short 5,100p (63).

NIFTY
Current: 5,188 (May futures: 5,206);
Target: NA
The support at 5,180 held but the index seems bearish. A swing session could go till either 5,125 or 5,275. Keep stops at 5,250 (short) and 5,150 (long). Hold a strangle of long 5,400c (31) and long 5,100p (63) or a bearspread of long 5,200p (101) and short 5,100p (63).

YES BANK
Current price: Rs 338;
Target price: Rs 325
The stock has a potential downside target of somewhere between Rs 315 and Rs 325. Keep a stop at Rs 345 and go short. Add to the position between Rs 328 and Rs 334. Book profits at Rs 325.

HERO MOTOCORP
Current price: Rs 2,073;
Target price: Rs 1,975
The stock has some support at Rs 2,055. If it falls below Rs 2,050, it could drop till Rs 1,975. Keep a stop at Rs 2,125 and short with a five-session timeframe. Add to the position between Rs 2,030 and Rs 2,050. Book profits below Rs 1,975.

ASIAN PAINTS
Current price: Rs 3,603;
Target price: Rs 3,665
The stock moved up to a new 52-week high albeit on low volumes. It could test resistance at Rs 3,625-3,635 again. A breakout will take it to Rs 3,665-3,675. Keep a stop at Rs 3,570 and go long. Add to the position between Rs 3,625 and Rs 3,635. Book profits above Rs 3,665.

AXIS BANK
Current price: Rs 1,058;
Target price: Rs 1,020
The downtrend may continue till Rs 995-1,015. Keep a stop at Rs 1,075 and short. Add to the position between Rs 1,040 and Rs 1,055. Book profits below Rs 1,020.


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

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

More News

STOCK WATCH

Company Price() Chg(%)
Biocon 808.70 15.28
Motil.Oswal.Fin. 483.85 15.24
JM Financial 63.85 12.61
Bharat Financial 844.90 10.58
Force Motors 3220.15 7.47
> More on BSE Gainers
Company Price() Chg(%)
Biocon 809.70 15.57
Motil.Oswal.Fin. 484.90 15.37
JM Financial 63.75 12.43
Bharat Financial 843.60 10.46
Cairn India 191.90 8.51
> More on NSE Gainers
Company Price() Chg(%)
G N F C 158.35 -7.53
Raymond 457.65 -6.60
Canara Bank 240.90 -4.21
Atul 2092.45 -3.70
Hatsun AgroProd. 332.95 -3.38
> More on BSE Gainers
Company Price() Chg(%)
Raymond 458.45 -6.28
Canara Bank 241.30 -3.79
Atul 2093.10 -3.57
Union Bank (I) 126.45 -3.44
Minda Corp 118.65 -3.02
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

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