Today's picks: 4 November 2016

Nifty, Bank Nifty, ITC, Wipro & Tata Steel

Image
Devangshu Datta
Last Updated : Nov 04 2016 | 6:00 AM IST
Nifty
Current: 8,485 (fut: 8,519),
Target: NA

Stop-long positions at 8,460. Stop-short positions at 8,580. Big moves could go till 8,635, 8,400. A long 8,400p (82), short 8,300p (56) could gain 15-20 if the futures hits 8,400.

Also Read

Bank Nifty
Current: 19,178 (fut: 19,250)
Target: NA

Stop-long positions at 19,150. Stop-short positions at 19,350. Big moves could go till 19,550, 18,900. Downtrend may remain in force.

ITC
Current price: Rs 240
Target price: Rs 245

Keep a stop at Rs 238 and go long. Add to the position between Rs 243 and Rs 244. Book profits at Rs 245.

Wipro
Current price: Rs 446
Target price: Rs 440

Keep a stop at Rs 451 and go short. Add to the position between Rs 441 and Rs 442. Book profits at Rs 440.

Tata Steel
Current price: Rs 403
Target price: Rs 395

Keep a stop at Rs 407 and go short. Add to the position between Rs 397 and Rs 399. Book profits at Rs 395.
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: Nov 04 2016 | 6:00 AM IST

Next Story