Today's picks- 28 July 2015

Nifty, Bank Nifty, Tata Motors, ACC & Zee Entertainment

Image
Devangshu Datta
Last Updated : Jul 28 2015 | 11:41 PM IST
NIFTY
Current: 8,337 (futures: 8,351
Target: NA
Stop-loss short positions at 8,410. Stop-loss long positions at 8,290. A strangle of long 8,400c (25), long 8,300p (20) has just two sessions to expiry but it could gain handsomely on a big session.

BANK NIFTY
Current: 18,283 (futures: 18,314)
Target: NA
Stop-loss short positions at 18,410. Stop-long positions at 18,220. A big move could go till 18,125 or 18,450. The index seems more likely to trend down but a lot depends on news flow from the US FOMC policy meeting.

TATA MOTORS
Current: Rs 370
Target: Rs 365
Keep a stop at Rs 373 and go short. Add to the position between Rs 366 and Rs 367. Book profits at Rs 365.

ACC
Current: Rs 1,359
Target: Rs 1,340
Keep a stop at Rs 1,375 and go short. Add to the position between Rs 1,342 and Rs 1,345. Book profits at Rs 1,340.

ZEE ENTERTAINMENT
Current: Rs 392  
Target: Rs 402
Keep a stop at Rs 389 and go long. Add to the position between Rs 397 and Rs 400. Book profits at Rs 402.
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: Jul 28 2015 | 10:30 PM IST

Next Story