Today's picks- 6 May 2016

Image
Devangshu Datta
Last Updated : May 06 2016 | 6:00 AM IST
NIFTY
Current: 7,735 (futures: 7,773)
Target: NA

Read more from our special coverage on "TODAY'S PICKS"


Stop-loss short positions at 7,835. Stop-long positions at 7,710. Big moves could go till 7,900, 7,650. A long 7,600p (57), short 7,500p (37) could gain 10-15 if the futures drops till 7,650.

BANK NIFTY
Current: 16,281 (fut: 16,392)
Target: NA
Stop-long positions at 16,275. Stop-short positions at 16,510. Big moves could go till 16,725, 16,050. Unclear trend with slight negative bias.

BHEL
Current price: Rs 123
Target price: Rs 126
Keep a stop at Rs 121 and go long. Add to the position between Rs 124 and Rs 125. Book profits at Rs 126.

HINDALCO
Current price: Rs 90.5
Target price: Rs 87.5
Keep a stop at Rs 92 and go short. Add to the position between Rs 88 and Rs 89. Book profits at Rs 87.5.

ASIAN PAINTS
Current price: Rs 867
Target price: Rs 852
Keep a stop at Rs 875 and go short. Add to the position between Rs 855 and Rs 857. Book profits at Rs 852.

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: May 06 2016 | 6:00 AM IST

Next Story