Today's picks: 3 May, 2017

Nifty, Bank Nifty, ONGC, Dr Reddy's, Tata Steel

Image
Devangshu Datta Mumbai
Last Updated : May 03 2017 | 6:00 AM IST
Nifty 

Current: 9,315 (fut: 9,342), Target: NA

Stop-long positions at 9,270. 

Stop-short positions at 9,410. Big moves could go till 9,450, 9,225.  Along 9,300p (78), short 9,200p (50) could gain 10-15 if the index dips till 9,270.

Bank Nifty 

Current: 22,341 (fut: 22,395)

Also Read


Target: NA

Stop-long positions at 22,290. Stop-short positions at 22,500. Big moves could go till 22,750, 22,050. A correction looks slightly more likely.  

ONGC

Current price: Rs 192 

Target price: Rs 196 

Keep a stop at Rs 190 and go long. Add to the position between Rs 194 and Rs 195. Book profits at Rs 196.  

Dr Reddy's  

Current price: Rs 2,582

Target price: Rs 2,540

Keep a stop at Rs 2,610 and go short. Add to the position between Rs 2,550 and Rs 2,560. Book profit at Rs 2,540.

Tata Steel   

Current price: Rs 445 

Target price: Rs 436

Keep a stop at Rs 450 and go short. Add to the position between Rs 439 and Rs 441. Book profits at Rs 436.  

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