Today's picks- 24 February 2016

Nifty, Bank Nifty, Coal India, Hind Unilever & Tata Steel

Image
Devangshu Datta
Last Updated : Feb 24 2016 | 6:00 AM IST
NIFTY
Current: 7,109 (fut: 7,108),
Target: NA

Stop-loss long positions at 7,045. Stop-short positions at 7,170. Big moves could go till 6,990, 7,230. A long 7,000p (11), long 7,200c (8) could offer a big payoff if the market has another big session before settlement.

Also Read

BANK NIFTY
Current: 14,008 (fut: 14,010)
Target: NA

Stop-long positions at 13,895. Stop-short positions at 14,105. Big moves could go till 13,750, 14,260. Downtrend could continue.

COAL INDIA
Current price: Rs 301
Target price: Rs 295

Keep a stop at Rs 305 and go short. Add to the position between Rs 297 and Rs 298. Book profits at Rs 295.

HIND UNILEVER
Current price: Rs 837
Target price: Rs 850

Keep a stop at Rs 830 and go long. Add to the position between Rs 844 and Rs 848. Book profits at Rs 850.

TATA STEEL
Current price: Rs 254
Target price: Rs 249

Keep a stop at Rs 257 and go short. Add to the position between Rs 250 and Rs 251. Book profits at Rs 249.
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: Feb 24 2016 | 6:00 AM IST

Next Story