Today's picks

Nifty, Bank Nifty, Ambuja Cement, HDFC & Tata Steel

Image
Devangshu Datta
Last Updated : Jan 03 2017 | 12:45 AM IST
Nifty 
Current: 8,179  (fut: 8,191), Target: NA
Stop-long positions at 8,140. 
Stop-short positions at 8,250. 
Big moves could go till 8,070, 8,300. A long 8,100p (83), short 8,000p (57) could gain 10-15 if it drops to 8,125.

Bank Nifty 

Also Read

Current: 17,970 (fut: 18,031)
Target: NA
Stop-long positions at 17,920. Stop-short positions at 18,150. Big moves could go till 18,350, 17,675. Downtrend could continue.

Ambuja Cement
Current price: Rs 215 
Target price: Rs 210 
Keep a stop at Rs 218 and go short. Add to the position between Rs 211 and Rs 212. Book profits at Rs 210.

HDFC 
Current price: Rs 1,217
Target price: Rs 1,195
Keep a stop at Rs 1,230 and go short. Add to the position between Rs 1,200 and Rs 1,205. Book profits at Rs 1,195.

Tata Steel   
Current price: Rs 406  
Target price: Rs 414
Keep a stop at Rs 402 and go long. Add to the position between Rs 410 and Rs 412. Book profits at Rs 414.
Target prices, projected movements in terms of next session, unless otherwise stated

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*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

Next Story