Today's Picks - 31 July 2014

Nifty, Bank Nifty, Cipla, ntpc & HCL Tech

Image
Devangshu Datta
Last Updated : Aug 01 2014 | 2:20 AM IST
NIFTY
Current: 7,721 (fut: 7,746)
Target: NA
Stop-loss shorts at 7,810. Stop long positions at 7,675. Big moves could go till 7,625 or 7,875. A bearspread of long 7,600p (58) and short 7,500p (36) could double if the nifty drops below 7,675. (All futures prices)

BANK NIFTY
Current: 15,267 (futures: 15,334)
Target: 15,125 (futures: 15,175)
Keep a stop at 15,400 and short. Add to the position between 15,225 and 15,250. Book profits at 15,175. (All futures prices)

CIPLA
Current: Rs 457
Target: Rs 470
Keep a stop at Rs 450 and go long. Add to the position between Rs 463 and Rs 466. Book profits at Rs 470.

NTPC
Current: Rs 145
Target: Rs 140
Keep a stop at Rs 148 and short. Add to the position between Rs 141 and Rs 142. Book profits at Rs 140.

HCL TECH
Current: Rs 1,555
Target: Rs 1,525
Keep a stop at Rs 1,575 and go short. Add to the position between Rs 1,535 and Rs 1,545. Book profits at Rs 1,525.
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: Jul 31 2014 | 10:30 PM IST

Next Story