Today's picks- 1 October 2015

Nifty, Bank Nifty, HCL Tech, ONGC & Idea Cellular

Image
Devangshu Datta
Last Updated : Oct 01 2015 | 6:00 AM IST
Nifty
Current: 7,949 (futures: 7,980)
Target: NA

Stop-loss long positions at 7,910. Stop-loss short positions at 8,060. Big moves could go till 8,100, 7,870. Profit booking on the long weekend may trigger a downturn. A long 7,800p (98), short 7,700p (75) could gain 10-15 if the futures drop below 7,900.

Bank Nifty
Current: 17,216 (fut: 17,319)
Target: NA

Stop-loss long positions at 17,200. Stop-loss short positions at 17425. Big mcves could go till 17,650, 17,000. An uptrend is likely despite chances of profit booking before a long weekend.

HCL Tech
Current price: Rs 982
Target price: Rs 1,000

Keep a stop at Rs 972 and go long. Add to the position between Rs 990 and Rs 994. Book profits at Rs 1,000.  

ONGC
Current price: Rs 229
Target price: Rs 224

Keep a stop at Rs 231 and go short. Add to the position between Rs 226 and Rs 227. Book profits at Rs 224.

Idea Cellular
Current price: Rs 149.5
Target price: Rs 146.5

Keep a stop at Rs 151 and go short. Add to the position between Rs 147 and Rs 148. Book profits at Rs 146.5.
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: Oct 01 2015 | 6:00 AM IST

Next Story