Today's picks: 4 January, 2018

Nifty, Bank Nifty, Dr Reddys, Bajaj Auto, Hindalco

Image
Devangshu Datta
Last Updated : Jan 04 2018 | 6:30 AM IST
Nifty
Current: 10,443 (fut: 10,472), Target: NA
Stop-long positions at 10,390. 
Stop-short positions at 10,555. Big moves could go till 10,600, 10,350. 
A long 10,300p (66), short 10,200p (44) could gain 15-20 if the index falls till 10,375.   

Bank Nifty

Also Read

Current: 25,319 (fut:25,386)
Target: NA
Stop-long positions at 25,275. Stop-short positions at 25,500.  Big moves could go till 25,050, 25,725. Trend looks bearish.
  
Dr Reddys
Current price: Rs 2,339 
Target price: Rs 2,300
Keep a stop at Rs 2,360 and go short. Add to the position between Rs 2,305 and Rs 2,315. Book profits at Rs 2,300.  

Bajaj Auto   
Current price: Rs 3,241
Target price: Rs 3,185
Keep a stop at Rs 3,275 and go short. Add to the position between Rs 3,190 and Rs 3,205. Book profits at Rs 3,185.

Hindalco   
Current price: Rs 276
Target price: Rs 282
Keep a stop at Rs 273 and go 
long. Add to the position between Rs 280 and Rs 281. 
Book profits at Rs 282.

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