Today's picks

Nifty, Bank Nifty, JP Associates, Tata Steel & Maruti

Image
Devangshu Datta New Delhi
Last Updated : Jan 28 2014 | 10:30 PM IST
NIFTY
Current: 6,126 (fut: 6,142);
Target: NA
Stop-loss shorts at 6,185 and stop-loss long positions at 6,075. Breakouts and breakdowns could go till 6,225 or till 6,025. A long 6,100p (18) and a long 6,150c (30) strangle has breakevens at 6,198, 6,078. (All futures prices above) and may be worth considering.

BANK NIFTY
Current: 10,508 (fut: 10,543);
Target: 10,250 (fut: 10,275)
Keep a stop at 10,625 and short. Add to the position between 10,425 and 10,450. Book profits at 10,275. (all futures prices above).

JP ASSOCIATES
Current price: Rs 41;
Target price: Rs 38.5
Keep a stop at Rs 42.5 and short. Add to the position between Rs 39 and Rs 40. Book profits at Rs 38.5.

TATA STEEL
Current price: Rs 366;
Target price: Rs 357
Keep a stop at Rs 369 and go short,. Add to the position between Rs 359 and Rs 362. Book profits at Rs 357.

MARUTI
Current: Rs 1,567;
Target: Rs 1,515
Keep a stop at Rs 1,580 and short. Add to the position between Rs 1,525 and Rs 1,540. Book profits below Rs 1,515.
The target prices and projected movements given above are in terms of the next one trading 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: Jan 28 2014 | 10:30 PM IST

Next Story