Nifty
Current: 9,978 (fut: 10,004), Target: NA
Stop long positions at 9,925. Stop short positions at 10,075. Big moves could go till 10,125, 9,875. A long 9,900p (69) and short 9,800p (45) bearspread could gain 15-20, if the index tests support at 9,900.
Current: 24,599 (fut: 24,705), Target: NA
Stop long positions at 24,600. Stop short positions at 24,810. Big moves could go till 25,050. 24,350. Correction may continue. A long 24,500p (48) is underpriced and will hit break-even at 24,450.
Hindalco
Current price: Rs 235
Target price: Rs 240
Keep a stop at Rs 232 and go long.
Current: 9,978 (fut: 10,004), Target: NA
Stop long positions at 9,925. Stop short positions at 10,075. Big moves could go till 10,125, 9,875. A long 9,900p (69) and short 9,800p (45) bearspread could gain 15-20, if the index tests support at 9,900.
Also Read
Bank Nifty
Current: 24,599 (fut: 24,705), Target: NA
Stop long positions at 24,600. Stop short positions at 24,810. Big moves could go till 25,050. 24,350. Correction may continue. A long 24,500p (48) is underpriced and will hit break-even at 24,450.
Hindalco
Current price: Rs 235
Target price: Rs 240
Keep a stop at Rs 232 and go long.
Add to the position between Rs 238 and Rs 239. Book profits at Rs 240.
Sun Pharma
Current price: Rs 500
Target price: Rs 492
Keep a stop at Rs 505 and go short. Add to the position between Rs 493 and Rs 494. Book profits at Rs 492.
Tata Power
Current price: Rs 78
Target price: Rs 75.5
Keep a stop at Rs 79.5 and go short. Add to the position between Rs 76 and Rs 76.5. Book profits at Rs 75.5 Target prices, projected movements in terms of next session, unless otherwise stated
Sun Pharma
Current price: Rs 500
Target price: Rs 492
Keep a stop at Rs 505 and go short. Add to the position between Rs 493 and Rs 494. Book profits at Rs 492.
Tata Power
Current price: Rs 78
Target price: Rs 75.5
Keep a stop at Rs 79.5 and go short. Add to the position between Rs 76 and Rs 76.5. Book profits at Rs 75.5 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
SAVE 25%