Today's picks- 11 December 2015

Nifty,Bank Nifty, NTPC, HDFC & Lupin

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Devangshu Datta
Last Updated : Dec 11 2015 | 6:00 AM IST
NIFTY
Current: 7,683 (fut: 7,711),
Target: NA
Stop-loss short positions at 7,780. Stop-loss long positions at 7,640. Big moves could go till 7,575, 7,835. A long 7800c (67), short 7,900c (36) could gain 10-15 if the futures rise above 7,775.

BANK NIFTY
Current: 16,711 (fut: 16,776)
Target: NA
Stop-short positions at 16,875. Stop-long positions at 16,650. Big moves could go till 17,050, 16,475. Heavy resistance between 16,850 and 16,875 could stop further upmoves.

NTPC
Current price: Rs 133
Target price: Rs 135.5
Keep a stop at Rs 131 and go long. Add to the position between Rs 1445.5 and Rs 135. Book profits at 135.5

HDFC
Current price: Rs 1,182
Target price: Rs 1,200
Keep a stop at Rs 1,170 and go long. Add to the position between Rs 1,190 and Rs 1,195. Book profits at Rs 1,200.

LUPIN
Current price: Rs 1,734
Target price: Rs 1,710
Keep a stop at Rs 1,750 and go short. Add to the position between Rs 1,715 and Rs 1,720. Book profits at Rs 1,710.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Dec 11 2015 | 6:00 AM IST

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