WebSify
Follow us on
Mail
Print

Today's picks

Source : BUSINESS_STANDARD
Last Updated: Tue, Nov 27, 2012 18:00 hrs

NIFTY
Current: 5,636 (futures: 5,641)
Target: NA
The index could swing between 5,570 and 5,700 with the futures at nominal premium to the underlying. Stop loss long positions at 5,600 and stop loss shorts at 5,670. A long 5,600p (13) tempting since it would double if it is struck.

BANK NIFTY
Current: 11,432 (futures: 11,441)
Target: 11,300 (futures price)
The financial index closed weak with the futures at the nominal premium to the underlying index. A drop till 11,275-11,300 is possible. Keep a stop at 11,550 (futures) and short. Add to the position at 11,375-11,400 (futures). Book profits below 11,300.

HINDALCO
Current price: Rs 110
Target price: Rs 113
The pullback could continue till the Rs 113-114 level. Keep a stop at Rs 107.5 and go long. Add to the position between Rs 111 and Rs 112. Book profits above Rs 113.

M&M
Current price: Rs 922
Target price: Rs 890
Sharp reaction from all-time high of Rs 960. If support at current level breaks, the next support is Rs 865-880. Keep a stop at Rs 935 and go short. Add to the position between Rs 905 and Rs 915. Book profits below Rs 880. A bounce above Rs 935 could go till Rs 945-950.


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



blog comments powered by Disqus
most popular on facebook
talking point on sify finance