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Today's picks: 20 December, 2017

Nifty, Bank Nifty, Maruti Suzuki, Infosys, Tata Steel

Devangshu Datta 

Nifty Current: 10,463 (fut: 10,472), Target: NA Stop-long positions at 10,395. Stop-short positions at 10,550. Big moves could go till 10,600, 10,350. A breakout past 10,490 would establish a new high. A long 10,500c (51), short 10,600c (18) could return 15-20 if the index cross 10,525. Bank Nifty Current: 25,716 (fut: 25,718) Target: NA Stop-long positions at 25,600. Stop-short positions at 25,825.

Big moves could go till 25,950, 25,450. Trend is less bullish than the broader market. Maruti Suzuki Current price: Rs 9,801 Target price: Rs 9,925 Keep a stop at Rs 9,750 and go long. Add to the position between Rs 9,870 and Rs 9,890. Book profits at Rs 9,925. Infosys Current price: Rs 1,004 Target price: Rs 980 Keep a stop at Rs 1,015 and go short. Add to the position between Rs 985 and Rs 990. Book profits at Rs 980. Current price: Rs 710 Target price: Rs 795 Keep a stop at Rs 718 and go short. Add to the position between Rs 699 and Rs 703. Book profits at Rs 795.

First Published: Wed, December 20 2017. 06:00 IST
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