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Today's Picks: 8 December, 2017

Nifty, Bank Nifty, Coal India, Tech Mahindra and more

Devangshu Datta 

Nifty 

Current: 10166 (fut: 10206), 

Target: NA

Stop long positions at 10,125. Stop short positions at 10,275. 

Big moves could go until 10,325, 10,075. 

A long 10,200c (130), two short 10,300c (2x82), long 10,400c (48) costs 14 

with positive payoffs if the index moves between 10,216-10,384.

Bank Nifty 

Current: 25,057 (fut: 25,188)

Target: NA

Stop long positions at 25,050. Stop short positions at 25,300. 

Big moves could go until 25,500, 24,900. 

Resistance at 25,250-25,300 could create a selling zone.

Coal India  

Current price: Rs 263   

Target price: Rs 259

Keep a stop at Rs 266 and go short. 

Add to the position between Rs 260 and Rs 261. 

Book profits at Rs 259.

Tech Mahindra

Current price: Rs 497 

Target price: Rs 505

Keep a stop at Rs 495 and go long. 

Add to the position between Rs 502 and Rs 503. 

Book profits at Rs 505.

Tata Steel   

Current price: Rs 688 

Target price: Rs 700

Keep a stop at Rs 681 and go long. 

Add to the position between Rs 695 and Rs 698. 

Book profits at Rs 700.


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

First Published: Fri, December 08 2017. 06:00 IST
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