Today's picks- 27 August 2014

Nifty, Bank Nifty, IDFC, Hindusthan Unilever & Tata Power

Image
Devangshu Datta
Last Updated : Aug 26 2014 | 10:30 PM IST
NIFTY
Current: 7,905 (fut: 7,909),
Target: NA
Stop short positions at 7,965. Stop long positions at 7,845. Big moves could go 7,800, or 8,025. A long 7,900p (23) and short 7,800p (3) could double on a dip below 7,850 and the trend looks bearish.

BANK NIFTY
Current: 15,624 (fut: 15,661)
Target: 15,425 (fut: 15,450)
Keep a stop at Rs 15,725 and short. Add to the position between Rs 15,525 and Rs 15,550. Book profits at Rs 15,450.

IDFC
Current price: Rs 143
Target price: Rs 140
Keep a stop at Rs 145 and go long. Add to the position between Rs 141 and Rs 142. Book profits at Rs 140.

HINDUSTHAN UNILEVER
Current price: Rs 727
Target price: Rs 740
Keep a stop at Rs 720 and go long,. Add to the position between Rs 735 and Rs 738. Book profits at Rs 740.

TATA POWER
Current price: Rs 88
Target price: Rs 84
Keep a stop at Rs 90 and short. Add to the position between Rs 85 and Rs 86. Book profits at Rs 84.
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 26 2014 | 10:30 PM IST

Next Story