Today's picks- 16 June 2015

Nifty, Bank Nifty, Tata Steel, Hero Motor & Power grid

Image
Devangshu Datta
Last Updated : Jun 16 2015 | 10:38 PM IST
NIFTY
Current: 8,047 (fut: 8,063)
Target: NA
Stop loss short positions at 8130. Stop long positions at 7975.  A long 8200c (32), long 7800p(16) is worth holding. A swing to either 8165 or 7955 could lead to a gain of 15-20

BANK NIFTY
Current: 17,603 (fut: 17,624.35)
Target: 17,750 (fut: 17,800)
Keep a stop at 17,500 and go long. Add to the position between 17,750-17,775. Book profits at 17,800

TATA STEEL
Current: Rs 294.5
Target: Rs 288
Keep a stop at Rs 298 and short. Add to the position between Rs 290 and Rs 292. Book profits at Rs 288

HERO MOTOR
Current: Rs 2,543
Target: Rs 2,595
Keep a stop at Rs 2,520 and go long. Add to the position between Rs 2,565 and Rs 2,575. Book profits at Rs 2,595

POWER GRID
Current: Rs 144
Target: Rs 147
Keep a stop at Rs 142.5 and go long. Add to the position between Rs 145 and Rs 146. Book profits at Rs 147
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: Jun 16 2015 | 10:30 PM IST

Next Story