Today's picks- 30 August 2016

Nifty, Bank Nifty, HCL Tech, Zee Entertainment & Bharti Airtel

Image
Devangshu Datta
Last Updated : Aug 30 2016 | 6:00 AM IST
NIFTY
Current: 8,608 (fut: 8,659),
Target: NA
Stop loss-long positions at 8,590. Stop-loss short positions at 8,730. Big moves could go till 8,775, 8,550. A long 8,600p (95), short 8,500p (65) costs 30 and it could gain 10-15 if the futures dips below 8,600.

BANK NIFTY
Current: 19,217 (fut: 19,327)
Target: NA
Stop-long positions at 19,200. Stop-short positions at 19,450. Big moves could go till 19,000, 19,600. The trend looked mildly bullish at close.

HCL TECH
Current price: Rs 755
Target price: Rs 740
Keep a stop at Rs 763 and go short. Add to the position between Rs 743 and Rs 746. Book profits at Rs 740.

ZEE ENTERTAINMENT
Current price: Rs 530
Target price: Rs 540
Keep a stop at Rs 525 and go long. Add to the position between Rs 535 and Rs 537. Book profits at Rs 540.

BHARTI AIRTEL
Current price: Rs 342
Target price: Rs 337
Keep a stop at Rs 345 and go short. Add to the position between Rs 338 and Rs 339. Book profits at Rs 337.
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 30 2016 | 6:00 AM IST

Next Story