Today's picks: 12 April, 2017

Nifty, Bank Nifty, ITC, Larsen & Toubro, Zee Entertainment

Image
Devangshu Datta
Last Updated : Apr 12 2017 | 6:00 AM IST
Nifty
 
      
Current: 9,237   (fut: 9,267)

Target: NA

Also Read

Stop-short positions at 9,325. Stop-long positions at 9,195. Big moves could go till 9,400, 9,125. A wide strangle with long 9,400c (23), long 9,100p (29) could gain 10-15 if the index swings by 75 points.

Bank Nifty       

Current: 21,736   (futures: 21,755)

Target: NA  

Stop-long positions at 21,650. Stop-short positions at 21,850. Big moves could go till 22,100, 21,400. The Financial index hit a new all time high and a pullback seems slightly more likely.

ITC          

Current price: Rs 282

Target price: Rs 287

Keep a stop at Rs 280 and go long. Add to the position between Rs 285 and Rs 286. Book profits at Rs 287.

Larsen & Toubro     

Current price: Rs 1,704   

Target price: Rs 1,675

Keep a stop at Rs 1,720 and go short. Add to the position between Rs 1,680 and Rs 1,685. Book profits at Rs 1,675.

Zee Entertainment     
   

Current price: Rs 540

Target price: Rs 550

Keep a stop at Rs 535 and go long. Add to the position between Rs 547 and Rs 549. Book profits at Rs 550.

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