Today's Picks: January 6, 2017

Nifty, Bank Nifty, TechM, Tata Motors, Tata Power

Image
Devangshu Datta
Last Updated : Jan 06 2017 | 6:00 AM IST
Nifty 

Current: 8,274 (fut: 8,288), Target: NA
Stop-loss long positions at 8,220. Stop-short positions at 8,355. Big moves could go till 8,400, 8,150,  Index is testing key resistance between 8,275 and 8,300. A long 8,400c (49), short 8,500c (23) could gain 15-20 if the futures hits 8,350.

Bank Nifty 

Current: 18,116  (fut: 18,144) Target: NA
Stop-loss short positions at 18,255. Stop-long positions at 18,025, Big moves could go till 18,500, 17,700. Index has key resistance between 18,200 and 18,250.

Also Read


TechM

Current price: Rs 488 
Target price: NA 
Keep a stop at Rs 492 and go short. Add to the position between Rs 482 and Rs 484. Book profits at Rs 480. 

Tata Motors 

Current price: Rs 502
Target price: Rs 492
Keep a stop at Rs 507 and go short. Add to the position between Rs 493 and Rs 495. Book profits at Rs 492.

Tata Power   

Current price: Rs 77 
Target price: Rs 79
Keep a stop at Rs 76 and go long. Add to the position between Rs 78 and Rs 78.5. Book profits at Rs 79.

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