Web Sify
Follow us on
Mail
Print

Today's picks

Source : BUSINESS_STANDARD
Last Updated: Thu, Jun 13, 2013 18:01 hrs

NIFTY
Current: 5,760 (futures: 5,777)
Target: NA
Current support is at 5,725-5,735. Use 5,700 as a stop loss for long positions. Current resistance is at 5,790-5,810. Stop loss shorts at 5,810. Breakouts or breakdowns could be till 5,860 or 5,675, respectively. The index continues to have a bearish bias. A strangle of long 5,500p (12.5) and long 6,000c (18) could gain 10-15 on a swing of 75 points.

BHEL
Current price: Rs 179.5;


Target price: Rs 175
The stock could test support at its 52-week low of Rs 174-175 and if that breaks, the next target would be Rs 171. Keep a stop at Rs 183 and short. Add to the position between Rs 175 and Rs 176. Book profits or partial profits at Rs 175.

TATA STEEL
Current price: Rs 274;
Target price: Rs 267
New 52-week low at Rs 272-273. Keep a stop at Rs 279 and go short. Add to the position between Rs 271 and Rs 272.5. Book profits below Rs 267.

COAL INDIA
Current price: Rs 303;
Target price: Rs 290
The stock could slide till Rs 289-290. Keep a stop at Rs 309 and short. Add to the position between Rs 296 and Rs 299. Book profits at Rs 290.

IDFC
Current price: Rs 142.5;
Target price: Rs 148
The stock is bouncing off support at Rs 138-139. Keep a stop at Rs 139 and go long. Add to the position between Rs 144 and Rs 145.5. Book profits above Rs 148.

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

More from Sify:
blog comments powered by Disqus
  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
talking point on sify finance