Today's picks

Nifty, Bank Nifty, Hind Unilever, Tata Steel & Jain Irrigation

Image
Devangshu Datta New Delhi
Last Updated : Apr 29 2014 | 10:35 PM IST
NIFTY
Current: 6,715 (futures: 6,764);
Target: NA
The index may swing between 6,725 and 6,800 today or it could have a negative trend. Stop loss long positions at 6,700 and stop loss shorts at 6,830. A break down below 6,700 could mean a drop till 6,625. A bearspread of long 6,700p (204) and short 6,600p (161) could gain another 15-20 if the index hits 6,650.

BANK NIFTY
Current: 12,910 (fut: 13,017);
Target: 12,750 (fut: 12,825)
Keep a stop at 13,075 and go short. Add to the position between 12,875 and 12,900. Book profits at 12,825. (All futures prices)

HIND UNILEVER
Current price: Rs 562;
Target price: Rs 545
Keep a stop at Rs 570 and short. Add to the position between Rs 550 and Rs 555. Book profits below Rs 545.

TATA STEEL
Current price: Rs 405;
Target price: Rs 395
Keep a stop at Rs 411 and short. Add to the position between Rs 397 and Rs 402. Book profits below Rs 395.

JAIN IRRIGATION
Current price: Rs 86;
Target price: Rs 92
Keep a stop at Rs 84 and go long. Add to the position between Rs 89 and Rs 90. Book profits above Rs 92.
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: Apr 29 2014 | 10:30 PM IST

Next Story