Today's picks- 11 August 2016

Nifty, Bank Nifty, HCL Tech, ACC & Hero Moto

Image
Devangshu Datta
Last Updated : Aug 11 2016 | 6:00 AM IST
NIFTY

Current: 8,575 (fut: 8,594),
Target: NA
Stop-long positions at 8,500. Stop-short positions at 8,655. Big moves could go till 8,450, 8,700. A long 8,500p (55), short 8,400p (32) could gain 10-15 if the 8,500 level is struck.

BANK NIFTY

Current: 18,647 (fut: 18,696)
Target: NA
Stop-loss long positions at 18,590. Stop-short positions at 18,800. Big moves could go till 19,000, 18,400. Downtrend may continue.

HCL TECH

Current price: Rs 818
Target price: Rs 830
Keep a stop at Rs 810 and go long. Add to the position between Rs 825 and Rs 828. Book profits at Rs 830.

ACC

Current : Rs 1,618
Target: Rs 1,580
Keep a stop at Rs 1,830 and go short. Add to the position between Rs 1,585 and Rs 1,590. Book profits at Rs 1,580.

HERO MOTO

Current: Rs 3,317
Target: Rs 3,360
Keep a stop at Rs 3,350 and go short. Add to the position between Rs 3,270 and Rs 3,280. Book profits at Rs 3,360.
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: Aug 11 2016 | 6:00 AM IST

Next Story