Today's picks: 15 July 2016

Nifty, Bank Nifty, PowerGrid, TCS & ONGC

Image
Devangshu Datta New Delhi
Last Updated : Jul 15 2016 | 6:00 AM IST
NIFTY

Current: 8,565 (futures: 8,585)
Target: NA
Stop-loss short positions at 8,650. Stop-loss long positions at 8,520. Big moves could go till 8,720, 8,455. Uptrend dependent on Bank of England newsflow. A long 8,700c (46), short 8,800c (22) could gain 15-20 if the futures hits 8,655.

BANK NIFTY

Current: 18,864 (fut: 18,890)
Target: NA
Stop-loss long positions at 18,775. Stop-short positions at 19,000. Big moves could go till 18,600, 19,200.

POWERGRID

Current price: Rs 165
Target price: Rs 168
Keep a stop at Rs 163 and go long. Add to the position between Rs 166.5 and Rs 167.5 Book profits at Rs 168.

TCS

Current price: Rs 2,521
Target price: Rs 2,565
Keep a stop at Rs 2,495 and go long. Add to the position between Rs 2,545 and Rs 2,555. Book profits at Rs 2,565.

ONGC

Current price: Rs 230.5
Target price: Rs 225
Keep a stop at Rs 233 and go short. Add to the position between Rs 226 and Rs 227. Book profits at Rs 225.
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 15 2016 | 6:00 AM IST

Next Story