Today's picks: 4 October 2016

Nifty, Bank Nifty, HCL Tech, PowerGrid & Zee Entertainment

Image
Devangshu Datta
Last Updated : Oct 04 2016 | 6:00 AM IST
Nifty
Current: 8,738 (fut: 8,785)
Target: NA

Stop-loss long positions at 8,710. Stop-short positions at 8,860. Big moves could go till 8,920, 8,650. A long 8,900c (70), short 9,000c (39) could gain 10-15 if the index moves till 8,850.

Also Read

Bank Nifty
Current: 19,589 (futures: 19,706)
Target: NA

Stop-loss long positions at 19,600. Stop-loss short positions at 19810. Big moves could go till 20,025, 19,375. Uptrend could stay in force.

HCL Tech
Current price: Rs 809
Target price: Rs 825

Keep a stop at Rs 800 and go long. Add to the position between Rs 817 and Rs 820. Book profits at Rs 825.

PowerGrid
Current: Rs 181
Target: Rs 185

Keep a stop at Rs 179 and go long. Add to the position between Rs 183 and Rs 184. Book profits at Rs 185.

Zee Entertainment
Current: Rs 578
Target: Rs 568

Keep a stop at Rs 584 and go short. Add to the position between Rs 570 and Rs 571. Book profits at Rs 568.
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: Oct 04 2016 | 6:00 AM IST

Next Story