Today's picks

Nifty, Bank Nifty, ONGC, TCS & ITC

Image
Devangshu Datta
Last Updated : Jun 23 2014 | 10:30 PM IST
NIFTY
Current: 7,493 (fut: 7,508)
Target: NA
Stop-loss shorts at 7,565. Stop long positions at 7,445. Big moves could go till 7,375 or 7,630. A straddle of long 7,500p (37) and long 7,500c (43) breaks even at 7,420 or 7,580. (All futures prices )

BANK NIFTY
Current: 15,076 (futures: 15,133)
Target: 14,950 (futures: 14,900)
Keep a stop at 15,220 and go short. Add to the position between 14,975 and 15,000. Book profits at 14,900. (All futures prices )

ONGC
Current: Rs 438
Target: Rs 425
Keep a stop at Rs 443 and short. Add to the position between Rs 428 and Rs 432. Book profits at Rs 425.

TCS
Current: Rs 2,269
Target: Rs 2,300
Keep a stop at Rs 2,250 and go long. Add to the position between Rs 2,280 and Rs 2,290. Book profits at Rs 2,300.

ITC
Current: Rs 315
Target: Rs 324
Keep a stop at Rs 308 and go long. Add to the position between Rs 318 and Rs 321. Book profits at Rs 324.
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: Jun 23 2014 | 10:30 PM IST

Next Story