Today's picks

Nifty, Bank Nifty, DLF, BHEL & Wipro

Image
Devangshu Datta New Delhi
Last Updated : Mar 06 2014 | 10:30 PM IST
NIFTY
Current: 6,400 (fut: 6,431);
Target: NA
Stop-loss short positions at 6,485. Stop-loss long positions at 6,365. The trend looks bullish. Breakouts or breakdowns beyond the stops could go till 6,525 or 6,325. A bullspread of long 6,500c (42) and short 6,600c (16) could double if 6,500 is hit. (All futures prices above).

BANK NIFTY
Current: 11,258 (fut: 11,302);
Target: 11,450 (fut: 11,500)
Keep a stop at 11,200 and go long. Add to the position between 11,400 and 11,450. Book profits at 11,500. (All futures prices above)

DLF
Current price: Rs 152;
Target price: Rs 158
Keep a stop at Rs 149 and go long. Add to the position between Rs 154 and Rs 156. Book profits above Rs 158.

BHEL
Current price: Rs 173;
Target price: Rs 180
Keep a stop at Rs 170 and go long. Add to the position between Rs 175 and Rs 177. Book profits at Rs 180.

WIPRO
Current price: Rs 585;
Target price: Rs 575
Keep a stop at Rs 590 and go short. Add to the position between Rs 579 and Rs 584. Book profits below Rs 575.
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: Mar 06 2014 | 10:30 PM IST

Next Story