Today's picks

Nifty, Bank Nifty, Tata Steel, HDFC & DLF

Image
Devangshu Datta New Delhi
Last Updated : May 14 2014 | 10:59 PM IST
NIFTY
Current: 7,109 (fut: 7,140)
Target: NA
Trader can set stops at 7,075 (long) and 7,175 (short) and moves beyond could hit 7,000 or 7,250. Option premia suggest very high volatility on Friday. (All futures prices)

BANK NIFTY
Current: 14,207 (futures: 14,306)
Target: NA
Likely trading range today is 14,125-14,450. Trader can exploit this with stop-losses at 14,450 (short) and 14,125 (long). (All futures prices)

TATA STEEL
Current: Rs 452
Target: Rs 460
Keep a stop at Rs 446 and go long. Add to the position between Rs 455 and Rs 458. Book profits at above Rs 460.

HDFC
Current: Rs 889
Target: Rs 870
Keep a stop at Rs 900 and go short. Add to the position between Rs 875 and Rs 885. Book profits at Rs 870.

DLF
Current: Rs 160
Target: Rs 167
Keep a stop at Rs 157 and go long. Add to the position between Rs 163 and Rs 165. Book profits at Rs 167.
Target prices, projected movements in terms of next 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: May 14 2014 | 10:30 PM IST

Next Story