NIFTY
Current: 5,760 (futures: 5,777)
Target: NA
Current support is at 5,725-5,735. Use 5,700 as a stop loss for long positions. Current resistance is at 5,790-5,810. Stop loss shorts at 5,810. Breakouts or breakdowns could be till 5,860 or 5,675, respectively. The index continues to have a bearish bias. A strangle of long 5,500p (12.5) and long 6,000c (18) could gain 10-15 on a swing of 75 points.
BHEL
Current price: Rs 179.5;
Target price: Rs 175
The stock could test support at its 52-week low of Rs 174-175 and if that breaks, the next target would be Rs 171. Keep a stop at Rs 183 and short. Add to the position between Rs 175 and Rs 176. Book profits or partial profits at Rs 175.
TATA STEEL
Current price: Rs 274;
Target price: Rs 267
New 52-week low at Rs 272-273. Keep a stop at Rs 279 and go short. Add to the position between Rs 271 and Rs 272.5. Book profits below Rs 267.
COAL INDIA
Current price: Rs 303;
Target price: Rs 290
The stock could slide till Rs 289-290. Keep a stop at Rs 309 and short. Add to the position between Rs 296 and Rs 299. Book profits at Rs 290.
IDFC
Current price: Rs 142.5;
Target price: Rs 148
The stock is bouncing off support at Rs 138-139. Keep a stop at Rs 139 and go long. Add to the position between Rs 144 and Rs 145.5. Book profits above Rs 148.
Current: 5,760 (futures: 5,777)
Target: NA
Current support is at 5,725-5,735. Use 5,700 as a stop loss for long positions. Current resistance is at 5,790-5,810. Stop loss shorts at 5,810. Breakouts or breakdowns could be till 5,860 or 5,675, respectively. The index continues to have a bearish bias. A strangle of long 5,500p (12.5) and long 6,000c (18) could gain 10-15 on a swing of 75 points.
BHEL
Current price: Rs 179.5;
Target price: Rs 175
The stock could test support at its 52-week low of Rs 174-175 and if that breaks, the next target would be Rs 171. Keep a stop at Rs 183 and short. Add to the position between Rs 175 and Rs 176. Book profits or partial profits at Rs 175.
TATA STEEL
Current price: Rs 274;
Target price: Rs 267
New 52-week low at Rs 272-273. Keep a stop at Rs 279 and go short. Add to the position between Rs 271 and Rs 272.5. Book profits below Rs 267.
COAL INDIA
Current price: Rs 303;
Target price: Rs 290
The stock could slide till Rs 289-290. Keep a stop at Rs 309 and short. Add to the position between Rs 296 and Rs 299. Book profits at Rs 290.
IDFC
Current price: Rs 142.5;
Target price: Rs 148
The stock is bouncing off support at Rs 138-139. Keep a stop at Rs 139 and go long. Add to the position between Rs 144 and Rs 145.5. Book profits above Rs 148.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*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
SAVE 25%