Today's picks: 29 June 2016

Nifty, Bank Nifty, HCL Tech, Idea Cellular & Tata Motors

Image
Devangshu Datta New Delhi
Last Updated : Jun 29 2016 | 6:00 AM IST
NIFTY

Current: 8,128 (fut: 8,135),
Target: NA
Stop-loss long positions at 8,070. Stop-short positions at 8,200. Big moves could go till 8,260, 8,000. A long 8,100p (33), short 8,000p(12) breaks even at just above 8,075.

BANK NIFTY

Current: 17,562 (fut: 17,550)
Target: NA
Stop-loss long positions at 17,450. Stop-loss short positions at 17,650. Big moves could go till 17,200, 17,900. Sector trend continues to look bearish.

HCL TECH

Current price: Rs 713
Target price: Rs 700
Keep a stop at Rs 721 and go short. Add to the position between Rs 703 and Rs 706. Book profits at Rs 700.

IDEA CEELLULAR

Current price: Rs 104.5
Target price: Rs 107
Keep a stop at Rs 103 and go long. Add to the position between Rs 106 and Rs 106.5. Book profits at Rs 107.

TATA MOTORS

Current price: Rs 440
Target price: Rs 432
Keep a stop at Rs 445 and go short. Add to the position between Rs 434 and Rs 436. Book profits at Rs 432.
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: Jun 29 2016 | 6:00 AM IST

Next Story