Wednesday, March 05, 2025 | 10:35 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Today's picks

Nifty, Bank Nifty, Tata Steel, IDFC & Hind Unilever

Image

Devangshu Datta New Delhi

NIFTY
Current: 5,380 (futures: 5,406)
Target: NA
The index could be on the verge of a breakout till the 5,450-5,500 level. On the downside, it could fall till 5,300. Stop-loss long positions at 5,325 and stop-loss shorts at 5,425. A bullspread of long 5,400c (60) and short 5,500c (21) could gain 15-20 if the index crosses 5,425.

BANK NIFTY
Current: 10,519 (futures: 10,583)
Target: 10,700
The financial index could run up till 10,700-10,750. It's likely to open high, given the positive carry. Keep a stop at 10,500 and go long. Add to the position between 10,600 and 10,650. Book profits above 10,700.

 

TATA STEEL
Current price: Rs 406
Target price: Rs 420
If the uptrend is sustained, the stock could reach Rs 420-425. It has a potential downside till Rs 388-392. Keep a stop at Rs 400 and go long. Add to the position between Rs 410 and Rs 414. Book profits above Rs 420. If it drops below Rs 399, consider a short with a target of Rs 392.

IDFC
Current price: Rs 136.5
Target price: Rs 140
The stock could target Rs 140-141. Keep a stop at Rs 134 and go long. Add to the position between Rs 138 and Rs 139. Book profits above Rs 140.

HIND UNILEVER
Current price: Rs 496
Target price: Rs 510
The stock has hit successive 52-week highs. It could move till Rs 510-515 in the next uptrend. Keep a stop at Rs 489 and go long. Add to the position between Rs 500 and Rs 505. Book profits above Rs 510.


The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 15 2012 | 12:59 AM IST

Explore News