Today's picks- 1 July 2016

Nifty, Bank Nifty, Grasim, Infosys & Tata Steel

Image
Devangshu Datta
Last Updated : Jul 01 2016 | 6:00 AM IST
NIFTY
Current: 8,287 (futures: 8,326)
Target: NA
Stop-long positions at 8,250. Stop-short positions at 8,400. Big moves could go till 8,200, 8,450. A long 8,400c (100), short 8,500c (62) would gain 10-15 if the futures hits 8,400.

BANK NIFTY
Current: 17,935 (futures: 18,008)
Target: NA
Stop-loss long positions at 17,900. Stop-short positions at 18,100. Big moves could go till 18,325, 17,700. If the uptrend continues, a long July 7, 18,200c (54), short July 7, 18,400c (24) could work well.

GRASIM
Current price: Rs 4,665
Target price: Rs 4,590
Keep a stop at Rs 4,700 and go short. Add to the position between Rs 4,610 and Rs 4,620. Book profits at Rs 4,590.

INFOSYS
Current price: Rs 1,170
Target price: Rs 1,187
Keep a stop at Rs 1,160 and go long. Add to the position between Rs 1,180 and Rs 1,184. Book profits at Rs 1,187.

TATA STEEL
Current price: Rs 322
Target price: Rs 317
Keep a stop at Rs 325 and go short. Add to the position between Rs 318 and Rs 319. Book profits at Rs 317.
Target prices, projected movements in terms of next session, unless otherwise stated
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 01 2016 | 6:00 AM IST

Next Story