Today's picks: 31 May, 2017

Nifty, Bank Nifty, HeroMotoCorp, Infratel, Tata Steel

Image
Devangshu Datta
Last Updated : May 31 2017 | 6:00 AM IST
Nifty       
Current: 9,625   (fut: 9,615) Target: NA
Stop-long positions at 9,545. Stop-short positions at 9,680. Big moves could go till 9,720, 9,495. A long 9,500p (70), short 9,400p (47) could gain 10-15 if the futures drops till 9,550.

Bank Nifty       
Current: 23,307   (futures: 23,250) 
Target: NA  

Also Read

Stop-long positions at 23,175. Stop-short positions at 23,325. Big moves could go till 23,550, 22,900. Backwardation suggests a bias towards correction.

HeroMotoCorp           
Current price: Rs 3,740 
Target price: Rs 3,810
Keep a stop at Rs 3,700 and go long. Add to the position between Rs 3780 and Rs 3,800. Book profits at Rs 3,810.

Infratel   
Current price: Rs 372   
Target price: Rs 366
Keep a stop at Rs 376 and go short. Add to the position between Rs 368 and Rs 369. Book profits at Rs 366.

Tata Steel        
Current price: Rs 512 
Target price: NA
Keep a stop at Rs 506 and go long. Add to the position between Rs 517 and Rs 518. Book profits at Rs 520. 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