Business Standard

Today's picks

Nifty, Bank Nifty, Reliance Industries, DLF & Wipro

Related News

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

Read more on:   
|
|
|
|

Read More

Today's picks

The index is in a short-term downtrend. Today it could move down till 5,940, or recover till 6,040. A strangle of long 6,200c (15) and long 5,800p ...

Quick Links

 

Market News

Amid bearish environment, iron ore prices keep falling

So far this year, prices of benchmark ore have fallen 35 per cent to $75 a tonne

Today's picks- 24 November 2014

Nifty, Bank Nifty,Infosys, Tata Steel & PowerGrid

PowerGrid shares slip after FII investment limit hits ceiling

The shares dropped 3% to close at Rs 142.15 on the BSE

LIC ready to buy shares in govt divestment programme

LIC has a net investible surplus of Rs 2 lakh crore and its market exposure is over Rs 3 lakh crore

SEBI aligns overseas derivative instrument rules

They have been brought in line with new foreign investment norms approved earlier this year

Back to Top