Today's picks

Nifty, Bank Nifty, Hindalco, Reliance Industries & Asian Paints


Current: 4,908 (May futures: 4,881)
Target: NA
The bearish trend persists -a big session could move the index till either 4,825 or 4,975. Stop-loss long positions at 4,850 and stop-loss shorts at 4,950. Hold the bearspread of long 4,900p (103) and short 4,800p (63), it could gain another 10-15 on a further fall.

BANK
Current: 9,258 (May futures: 9,150);
Target: 9,025
The substantial discount to underlying implies the financial index could open weak. It might test support at 9,000-9,050 today. Keep a stop at 9,325 and go short. Add to the position between 9,100 and 9,150. Book profits below 9,025.


Current price: Rs 112;
Target price: Rs 106
The stock hit a new 52-week low. It could fall till Rs 104-106 in the next three sessions. Keep a stop at Rs 115 and go short. Add to the position between Rs 108 and Rs 110. Book profits below Rs 106.


Current price: Rs 681;
Target price: Rs 660
The stock hit successive 52-week lows in the last two sessions. It has a possible downside till Rs 635-645 and a three-session target of Rs 655-660. Keep a stop at Rs 695 and short. Add to the position between Rs 670 and Rs 675. Book profits at Rs 660.


Current price: Rs 3,697;
Target price: Rs 3,800
If the stock rises above resistance around Rs 3,725-3,750 it could run till Rs 3,800-3,820. Keep a stop at Rs 3,650 and go long. Add to the position between Rs 3,740 and Rs 3,750. Book profits above Rs 3,800. A fall below Rs 3,630 could mean a drop till Rs 3,550.


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, Bank Nifty, Hindalco, Reliance Industries & Asian Paints

Devangshu Datta  |  New Delhi 




Current: 4,908 (May futures: 4,881)
Target: NA


The bearish trend persists -a big session could move the index till either 4,825 or 4,975. Stop-loss long positions at 4,850 and stop-loss shorts at 4,950. Hold the bearspread of long 4,900p (103) and short 4,800p (63), it could gain another 10-15 on a further fall.

BANK
Current: 9,258 (May futures: 9,150);
Target: 9,025
The substantial discount to underlying implies the financial index could open weak. It might test support at 9,000-9,050 today. Keep a stop at 9,325 and go short. Add to the position between 9,100 and 9,150. Book profits below 9,025.


Current price: Rs 112;
Target price: Rs 106
The stock hit a new 52-week low. It could fall till Rs 104-106 in the next three sessions. Keep a stop at Rs 115 and go short. Add to the position between Rs 108 and Rs 110. Book profits below Rs 106.


Current price: Rs 681;
Target price: Rs 660
The stock hit successive 52-week lows in the last two sessions. It has a possible downside till Rs 635-645 and a three-session target of Rs 655-660. Keep a stop at Rs 695 and short. Add to the position between Rs 670 and Rs 675. Book profits at Rs 660.


Current price: Rs 3,697;
Target price: Rs 3,800
If the stock rises above resistance around Rs 3,725-3,750 it could run till Rs 3,800-3,820. Keep a stop at Rs 3,650 and go long. Add to the position between Rs 3,740 and Rs 3,750. Book profits above Rs 3,800. A fall below Rs 3,630 could mean a drop till Rs 3,550.


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, Bank Nifty, Hindalco, Reliance Industries & Asian Paints

The bearish trend persists -a big session could move the index till either 4,825 or 4,975. Stop-loss long positions at 4,850 and stop-loss shorts at 4,950. Hold the bearspread of long 4,900p (103) and short 4,800p (63), it could gain another 10-15 on a further fall.


Current: 4,908 (May futures: 4,881)
Target: NA
The bearish trend persists -a big session could move the index till either 4,825 or 4,975. Stop-loss long positions at 4,850 and stop-loss shorts at 4,950. Hold the bearspread of long 4,900p (103) and short 4,800p (63), it could gain another 10-15 on a further fall.

BANK
Current: 9,258 (May futures: 9,150);
Target: 9,025
The substantial discount to underlying implies the financial index could open weak. It might test support at 9,000-9,050 today. Keep a stop at 9,325 and go short. Add to the position between 9,100 and 9,150. Book profits below 9,025.


Current price: Rs 112;
Target price: Rs 106
The stock hit a new 52-week low. It could fall till Rs 104-106 in the next three sessions. Keep a stop at Rs 115 and go short. Add to the position between Rs 108 and Rs 110. Book profits below Rs 106.


Current price: Rs 681;
Target price: Rs 660
The stock hit successive 52-week lows in the last two sessions. It has a possible downside till Rs 635-645 and a three-session target of Rs 655-660. Keep a stop at Rs 695 and short. Add to the position between Rs 670 and Rs 675. Book profits at Rs 660.


Current price: Rs 3,697;
Target price: Rs 3,800
If the stock rises above resistance around Rs 3,725-3,750 it could run till Rs 3,800-3,820. Keep a stop at Rs 3,650 and go long. Add to the position between Rs 3,740 and Rs 3,750. Book profits above Rs 3,800. A fall below Rs 3,630 could mean a drop till Rs 3,550.


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

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