Today's picks: 24 January, 2017

Nifty, Bank Nifty, Larsen & Toubro, Hindalco and Divi's Lab

Image
Devangshu Datta
Last Updated : Jan 24 2017 | 6:00 AM IST
Nifty 
 
Current: 8,391 (fut: 8,410), Target: NA
Stop loss long positions at 8340. Stop loss shorts at 8500. Big moves could go till 8280, 8550. 
A long 8500c (5), short 8400c(38), could gain if the 8500 level is tested.

Bank Nifty 
 
Current: 18,842 (fut: 18,917)

Also Read

Target: NA
Stop loss long positions at 18820. Stop short positions at 19020. Big moves could go till 19250, 18600 but range-trading seems more likely, with a bullish undertone.

Larsen & Toubro
 
Current price: Rs 1,393 
Target price: Rs 1,370
Keep a stop at 1405 and go short. Add to the position between 1,375-1,380. Book profits at 1,370.

Hindalco  
 
Current price: Rs 182
Target price: Rs 186
Keep a stop at  1780 and go long. Add to the position between 184-185. Book profits at 186

Divi’s Lab   
 
Current price: Rs 687
Target price: Rs 675
Keep a stop at 695 and go short. Add to the position between 678-682. Book profits at 675.
 
Target prices, projected movements in terms of next session, unless otherwise stated

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*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

Next Story