SPONSORED BY

Auto Segment
Mutual Fund Segment
My Budget
Expert Speak
In Association With
 
Business Standard

Today's stock picks

Nifty, Hindalco, Bank Nifty, ONGC & JP Associates

Related News

NIFTY
Current: 5,195 (March futures: 5,199);
Target: NA
The looks bearish. A big swing on settlement could push the index down till 5,075, or up till 5,300. Stop-loss shorts at 5,250 and stop-loss long positions at 5,150. A March strangle of long 5,300c (4) and long 5,100p (4) is cheap and could have a big payoff if there's an early move.

HINDALCO
Current price: Rs 126;
Target price: Rs 121
If the six-session downtrend continues into settlement, the stock could fall till Rs 119-121. A rebound could move till Rs 131. Keep a stop at Rs 129 and short. Add to the position between Rs 123 and Rs 125. Start booking profits below Rs 121.

BANK NIFTY
Current: 9,960 (March futures: 9,965);
Target: 9,750
The financial index is likely to test support around 9,900 and if that is broken, it could fall till 9,750. Keep a stop at 10,075 and go short.

Add to the position between 9,850 and 9,900. Start booking profits below 9,750. If 10,075 is broken, the index could rebound till 10,200.

ONGC
Current price: Rs 258;
Target price: Rs 245
The stock is testing key support between Rs 253 and Rs 256. It could fall till Rs 243-245 if the support is broken. Keep a stop at Rs 263 and short. Add to the position between Rs 250 and Rs 253. Start booking profits below Rs 245.

JP ASSOCIATES
Current price: Rs 77;
Target price: Rs 73
The stock started a reaction from Rs 81 and it could test support at Rs 72-73. On the upside, a reversal to Rs 81-82 is possible. Keep a stop at Rs 79 and short. Add to the position between Rs 74.5 and Rs 76. Book profits below Rs 73.


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

Flexible gains

ICICI Prudential Dynamic Plan is a flexi-cap opportunity fund launched in November 2002. The fund has been ranked in the top 30 percentile, that is, ...

Recommended for you

Quick Links

Market News

Worrying signs as global crude oil inventory hits 80-year high

Slippery slope ahead if oil demand and prices don't pick up soon

Nifty holds 8,900 amid choppy trades; FMCG, Pharma shares lead

The 30-share Sensex gained 68 points to end at 29,449 and the 50-share Nifty rose 15 points to close at 8,938.

Sensex ends 78 points higher amid choppy trades, HDFC twins up 2%

Provisionally, the 30-share Sensex gained 78 points to end at 29,458 and the 50-share Nifty rose 13 points to close at 8,936.

HCL Technologies hits new high on strategic alliance with Tele2

The stock up 2% at Rs 2,075, also its record high on BSE.

Nickel down 0.1% on profit-booking

Metal for delivery in April traded lower by 0.03%

 

Back to Top