Today's picks- 14 January 2016

Nifty, Bank Nifty, Infosys, Larsen & Toubro & ACC

Image
Devangshu Datta
Last Updated : Jan 14 2016 | 6:00 AM IST
NIFTY

Current: 7,562 (futures: 7,572)
Target: NA

Stop-long positions at 7,500. Stop-short positions at 7,635. Big moves could go till 7,450, 7,700. A long 7,400p (50), long 7,700c (51) could gain 20-25 on a big swing in any direction.

BANK NIFTY

Current: 15,872 (fut: 15,854)
Target: NA

Stop-loss long positions at 15,770. Stop-short positions at 15,970. Big moves could go till 15,150, 15,550. There's big resistance between 15,950 and 15,970.

INFOSYS

Current price: Rs 1,083
Target price: NA

Stop-long positions at Rs 1,055. Stop-short positions at Rs 1,115. Big moves could go till Rs 1,020, Rs 1,150. The trend looks bearish but Infy has a pattern of very high volatility on results.

LARSEN & TOUBRO

Current price: Rs 1,157
Target price: Rs 1,135

Keep a stop at Rs 1,170 and go short. Add to the position between Rs 1,140 and Rs 1,145. Book profits at Rs 1,135.

ACC

Current price: Rs 1,282
Target price: Rs 1,260

Keep a stop at Rs 1,295 and go short. Add to the position between Rs 1,266 and Rs 1,270. Book profits at Rs 1,260.
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: Jan 14 2016 | 6:00 AM IST

Next Story