Business Standard

Today's picks

Nifty, Axis Bank, Tata Power, ITC & Maruti

Related News

NIFTY
Current: 5,571 (fut: 5,595 )
Target: NA
The futures is at 20-30 points premium to underlying. A swing could take the index to 5,650 (fut 5,675) or 5,500 (fut 5,525). Use support at 5,550 (fut: 5,575) and resistance at 5,600 (fut: 5,625) as stop losses. A bearspread of long 5,500p (19) and short 5,400p (6) costs 13. It could double if 5,500 is hit

AXIS BANK
Current price: Rs 1,214
Target price: Rs 1,240
The stock could bounce till Rs 1,240-1,250 or fall till Rs 1,170-1,180 if support at Rs 1,200 is broken. Keep a stop at Rs 1,200 and go long. Add to the position between Rs 1,220-1,230. Book profits above Rs 1,240.


Current price: Rs 97
Target price: Rs 91
The stock has trended down on high volumes. A drop till Rs 90-91 is on the cards. Go short with a stop at Rs 99. Add to the position between Rs 94-95.5. Book profits below Rs 91


Current price: Rs 282
Target price: Rs 275
The stock bounced off support at Rs 273. It has major resistance at Rs 283-285. Keep a stop at Rs 286 and go short. Add to the position between Rs 279 and Rs 281. Book profits below Rs 275. If Rs 286 is broken, a rise till Rs 290-291 is possible.

MARUTI
Current price: Rs 1,495
Target price: Rs 1,525
The stock hit a new high (Rs 1,506) on good volumes. It could move till Rs 1,525-1540 if it beats resistance between Rs 1,500-1510. Keep a stop at Rs 1,475 and go long. Add to the position between Rs 1,505 and Rs 1,520. Book profits above Rs 1,525.


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 hit a new high with the futures at 50 points premium. A big session could move it till 5,900 or back till 5,750. Stop loss shorts at 5,900 ...

Quick Links

 

Market News

Business as usual resumes for markets

Economists do not expect the referendum result to impact economic data flow

Yahoo rakes in another jackpot from Alibaba's IPO

Yahoo is in line to make anywhere from $8.3 billion to $9.5 billion from the initial public offering

India Vix touches all-time low of 11.88

This indicates that investors remain optimistic that the market will continue to trend upward

MCX-SX to approach CCI against rival BSE

Low transaction fees in BSE's currency derivative segment anti-competitive, alleges MCX-SX

PFRDA sets up an expert committee to assess investment guidelines

The panel will review current investment guidelines for NPS schemes for private sector and recommend changes or new schemes

Back to Top