Today's picks

Nifty, Bank Nifty, Reliance Industries, DLF & Wipro

NIFTY
Current: 6,075 (futures: 6,078)
Target: NA
Futures and index are aligned with three days to settlement. The trend still looks bullish. Today, the index could move till 6,125 or 6,025. Stop-loss long positions at 6,045 and stop-loss shorts at 6,105. The long 6,100c (30) could yield 500 per cent returns if it is struck.

BANK NIFTY 
Current: 12,781 (futures: 12,799)
Target: 13,050
The futures premium is negligible. If there's a rate cut, the financial index could swing up till 13,000-13,100 plus. On the downside, a fall till 12,500 is possible if there's no cut. Keep a stop at 12,675 and go long. Add to the position between 12,950 and 13,000. Book profits above 13,050.

RELIANCE INDUSTRIES
Current price: Rs 898
Target price: Rs 915
The stock has reacted to support at Rs 895. If that breaks, it could fall till Rs 885. On the upside, a bounce till Rs 915-925 is possible. Keep a stop at Rs 890 and go long. Add to the position between Rs 900 and Rs 910. Book profits above Rs 915.

DLF 
Current price: Rs 266.7
Target price: Rs 272
The stock hit a new high on good volumes. Next target could be Rs 271-273. Keep a stop at Rs 264 and go long. Add to the position between Rs 268 and Rs 270. Book profits above Rs 272.

WIPRO
Current price: Rs 413.5
Target price: Rs 425
The stock has some resistance at Rs 417-420. If that is overcome, it could hit Rs 425-430. Keep a stop at Rs 408 and go long. Add to the position between Rs 418 and Rs 422. Book profits above Rs 425.


 

The target prices 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, Reliance Industries, DLF & Wipro

Devangshu Datta  |  New Delhi 

NIFTY
Current: 6,075 (futures: 6,078)
Target: NA


Futures and index are aligned with three days to settlement. The trend still looks bullish. Today, the index could move till 6,125 or 6,025. Stop-loss long positions at 6,045 and stop-loss shorts at 6,105. The long 6,100c (30) could yield 500 per cent returns if it is struck.

BANK NIFTY 
Current: 12,781 (futures: 12,799)
Target: 13,050
The futures premium is negligible. If there's a rate cut, the financial index could swing up till 13,000-13,100 plus. On the downside, a fall till 12,500 is possible if there's no cut. Keep a stop at 12,675 and go long. Add to the position between 12,950 and 13,000. Book profits above 13,050.

RELIANCE INDUSTRIES
Current price: Rs 898
Target price: Rs 915
The stock has reacted to support at Rs 895. If that breaks, it could fall till Rs 885. On the upside, a bounce till Rs 915-925 is possible. Keep a stop at Rs 890 and go long. Add to the position between Rs 900 and Rs 910. Book profits above Rs 915.

DLF 
Current price: Rs 266.7
Target price: Rs 272
The stock hit a new high on good volumes. Next target could be Rs 271-273. Keep a stop at Rs 264 and go long. Add to the position between Rs 268 and Rs 270. Book profits above Rs 272.

WIPRO
Current price: Rs 413.5
Target price: Rs 425
The stock has some resistance at Rs 417-420. If that is overcome, it could hit Rs 425-430. Keep a stop at Rs 408 and go long. Add to the position between Rs 418 and Rs 422. Book profits above Rs 425.


 

The target prices 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, Reliance Industries, DLF & Wipro

Futures and index are aligned with three days to settlement. The trend still looks bullish. Today, the index could move till 6,125 or 6,025. Stop-loss long positions at 6,045 and stop-loss shorts at 6,105. The long 6,100c (30) could yield 500 per cent returns if it is struck.

NIFTY
Current: 6,075 (futures: 6,078)
Target: NA
Futures and index are aligned with three days to settlement. The trend still looks bullish. Today, the index could move till 6,125 or 6,025. Stop-loss long positions at 6,045 and stop-loss shorts at 6,105. The long 6,100c (30) could yield 500 per cent returns if it is struck.

BANK NIFTY 
Current: 12,781 (futures: 12,799)
Target: 13,050
The futures premium is negligible. If there's a rate cut, the financial index could swing up till 13,000-13,100 plus. On the downside, a fall till 12,500 is possible if there's no cut. Keep a stop at 12,675 and go long. Add to the position between 12,950 and 13,000. Book profits above 13,050.

RELIANCE INDUSTRIES
Current price: Rs 898
Target price: Rs 915
The stock has reacted to support at Rs 895. If that breaks, it could fall till Rs 885. On the upside, a bounce till Rs 915-925 is possible. Keep a stop at Rs 890 and go long. Add to the position between Rs 900 and Rs 910. Book profits above Rs 915.

DLF 
Current price: Rs 266.7
Target price: Rs 272
The stock hit a new high on good volumes. Next target could be Rs 271-273. Keep a stop at Rs 264 and go long. Add to the position between Rs 268 and Rs 270. Book profits above Rs 272.

WIPRO
Current price: Rs 413.5
Target price: Rs 425
The stock has some resistance at Rs 417-420. If that is overcome, it could hit Rs 425-430. Keep a stop at Rs 408 and go long. Add to the position between Rs 418 and Rs 422. Book profits above Rs 425.


 

The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated

image
Business Standard
177 22

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