Today's picks- 19 August 2015

Nifty, Bank Nifty, Coal India, Wipro & Hero Motor

Image
Devangshu Datta
Last Updated : Aug 19 2015 | 11:33 PM IST
NIFTY
Current: 8,495 (futures: 8,505)
Target: NA
Stop-long positions at 8,445. stop-short positions at 8,565. Big moves could go till 8,635, 8,375. A long 8,400p (41), short 8,300p (21) could double if 8,400 is hit.

BANK NIFTY
Current: 18,703 (fut: 18,730)
Target: NA
Stop-long positions at 18,620. Stop-short positions at 18,850. Big moves could go till 18,525 or 18,950. A downtrend seems more likely.

COAL INDIA
Current price: Rs 356
Target price: Rs 350
Keep a stop at Rs 359 and go short. Add to the position between Rs 352 and Rs 354. Book profits at Rs 350.

WIPRO
Current price: Rs 585
Target price: Rs 595
Keep a stop at Rs 580 and go long. Add to the position between Rs 592 and Rs 594. Book profits at Rs 595.

HERO MOTOR
Current price: Rs 2,685
Target price: Rs 2,725
Keep a stop at Rs 2,660 and go long. Add to the position between Rs 2,700 and Rs 2,710. Book profits at Rs 2,725.
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: Aug 19 2015 | 10:30 PM IST

Next Story