Today's picks

Nifty, Bank Nifty, LIC Hsg, Ranbaxy & Airtel

Image
Devangshu Datta New Delhi
Last Updated : Apr 02 2014 | 11:08 PM IST
NIFTY
Current: 6,753 (futures: 6,796);
Target: NA
The Nifty remains in an uptrend. Stop-loss long positions at 6,730 and stop-loss shorts at 6,850. A bullspread of long 6,900c (45) and short 7,000c (21) could gain 15-20 if the Nifty goes to 6,850-plus.

BANK NIFTY
Current: 12,715 (fut: 12,831);
Target: 12,900 (fut: 12,975)
Keep a stop at 12,750 and go long. Add to the position between 12,875 and 12,900. Book profits at 12,975. (All futures prices)

LIC HSG
Current: Rs 248;
Target: Rs 260
Keep a stop at Rs 242 and go long. Add to the position between Rs 250 and Rs 253. Book profits at Rs 260.

RANBAXY
Current: Rs 404;
Target: Rs 385
A big bounce on positive news from the US Food and Drug Administration. Keep a stop at Rs 415 and short. Add to the position between Rs 395 and Rs 400. Book profits at Rs 385.

AIRTEL
Current: Rs 326;
Target: Rs 340
Keep a stop at 319 and go long. Add to the position between 329-332. Book profits at 340.
Target prices and projected movements in terms of next session unless stated otherwise
*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: Apr 02 2014 | 10:30 PM IST

Next Story