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Today's picks: 12 December

Nifty, Bank Nifty, TCS, HDFC, NTPC

Devangshu Datta 

Nifty Current: 10,322 (fut: 10,352), Target: NA Stop-long positions at 10,275. Stop-short positions at 10,425. Big moves could go till 10,225, 10,475. A long 10,400p (91), short 10,500p (52) could gain 10-15 if the index drops till 10,400. Bank Nifty Current: 24,405 (fut: 25,421) Target: NA Stop long positions at 25,300. Stop short positions at 25,550. Big moves could go till 25,750, 25,075.

Range trading between 25,325-25,600 looks likely for next 2-3 sessions. TCS Current price: Rs 2,661 Target price: Rs 2,710 Keep a stop at 2635 and go long. Add to the position between 2695-2705. Book profits at 2710. HDFC Current price: Rs 1,710 Target price: Rs 1,745 Keep a stop at 1695 and go long. Add to the position between 1730-1735. Book profits at 1745. Current price: Rs 178 Target price: Rs 173.5 Keep a stop at 180 and go short. Add to the position between 174.5-175.5. Book profits at 173.5.


Target prices, projected movements in terms of next session, unless otherwise stated

First Published: Tue, December 12 2017. 06:00 IST
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