Today's picks- 14 January 2015

Nifty, Bank Nifty, Hindalco, BHEL & ITC

Image
Devangshu Datta
Last Updated : Jan 14 2015 | 11:22 PM IST
NIFTY
Current: 8,278 (fut: 8,320)
Target: NA
Stop-loss shorts at 8,400. Stop-long positions at 8240. A long 8,200p (63), short 8,100p (42) would gain 10-15 if the downtrend breaks support at 8,250.

BANK NIFTY
Current: 18,604 (futures: 18,717)
Target: 18,450 (futures: 18,550)
Keep a stop at 18,825 and short. Add to the position between 18,575 and 18,600. Book profits at 18,550.

HINDALCO
Current price: Rs 142
Target price: Rs 138
Keep a stop at Rs 144 and go short. Add to the position between Rs 139 and Rs 140.  Book profits at Rs 138.

BHEL
Current price: Rs 269
Target price: Rs 264
Keep a stop at Rs 271 and go short. Add to the position between Rs 265 and Rs 266. Book profits at Rs 264.

ITC
Current price: Rs 348
Target price: Rs 354
Keep a stop at Rs 344 and go long. Add to the position between Rs 351 and Rs 352. Book profits at Rs 354.
Target prices, projected movements in terms of the 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: Jan 14 2015 | 10:30 PM IST

Next Story