NIFTY
Current: 6,032 (futures: 6,038)
Target: NA
Range trading yesterday. Use 6,000 and 6,065, as stop-loss for long and short futures positions respectively. Breakouts could go till 5,950 or till 6,125. A bullspread of long 6,100c (14) and short 6,200c (4) costs 10. It could double if 6,100 is hit.
BANK NIFTY
Current: 11,087 (futures: 11,089)
Target: 11,800
Short-covering pulled the financial index up. But it could fall again. Keep a stop at 11,150 and short. Add to the position between 10,975 and 11,025. Book profits below 10,800.
BHEL
Current price: Rs 161.5;
Target price: Rs 155
New 52-week low on very heavy selling. Keep a stop at Rs 165 and short. Add to the position between Rs 158 and Rs 160. Book profits below Rs 155 or book partial profits and hold with a reset stop-loss at Rs 161 and a new target of Rs 150.
LARSEN & TOUBRO
Current price: Rs 902
Target price: Rs 870
The recent bonus impacts technical accuracy. However, the stock seems in a downtrend. Keep a stop at Rs 920 and short. Add to the position between Rs 885 and Rs 890. Book profits at Rs 870.
HDFC
Current price: Rs 830
Target price: Rs 850
Keep a stop at Rs 815 and go long. Add to the position between Rs 835 and Rs 840. Book profits above Rs 850. If Rs 815 is broken, the stock could drop till Rs 795-800.
Current: 6,032 (futures: 6,038)
Target: NA
Range trading yesterday. Use 6,000 and 6,065, as stop-loss for long and short futures positions respectively. Breakouts could go till 5,950 or till 6,125. A bullspread of long 6,100c (14) and short 6,200c (4) costs 10. It could double if 6,100 is hit.
BANK NIFTY
Current: 11,087 (futures: 11,089)
Target: 11,800
Short-covering pulled the financial index up. But it could fall again. Keep a stop at 11,150 and short. Add to the position between 10,975 and 11,025. Book profits below 10,800.
BHEL
Current price: Rs 161.5;
Target price: Rs 155
New 52-week low on very heavy selling. Keep a stop at Rs 165 and short. Add to the position between Rs 158 and Rs 160. Book profits below Rs 155 or book partial profits and hold with a reset stop-loss at Rs 161 and a new target of Rs 150.
LARSEN & TOUBRO
Current price: Rs 902
Target price: Rs 870
The recent bonus impacts technical accuracy. However, the stock seems in a downtrend. Keep a stop at Rs 920 and short. Add to the position between Rs 885 and Rs 890. Book profits at Rs 870.
HDFC
Current price: Rs 830
Target price: Rs 850
Keep a stop at Rs 815 and go long. Add to the position between Rs 835 and Rs 840. Book profits above Rs 850. If Rs 815 is broken, the stock could drop till Rs 795-800.
The target price 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%