Today's picks- 17 December 2015

Nifty, Bank Nifty, Bharti Airtel, HDFC & TCS

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Devangshu Datta
Last Updated : Dec 17 2015 | 6:00 AM IST
NIFTY
Current: 7,751 (futures: 7,758)
Target: NA
Stop-loss short positions at 7,830. Stop-long positions at 7,695. Big moves induced by the Fed could go till 7,620, 7,875. A strangle of long 7,900c (45), long 7,600p (47) could gain 10-15 if the index sees a big swing.

BANK NIFTY
Current: 16,579 (fut: 16,578)
Target: NA
Stop-loss short positions at 16,735. Stop-long positions at 16,500. Big moves could go till 16,250, 17,000. A long 16000p (101) and long 17,000c (139) strangle could gain on a big move.

BHARTI AIRTEL
Current price: Rs 320
Target price: Rs 315
Keep a stop at Rs 324 and go short. Add to the position between Rs 316 and Rs 317. Book profits at Rs 315.

HDFC
Current price: Rs 1,219
Target price: Rs 1,200
Keep a stop at Rs 1,230 and go short. Add to the position between Rs 1,203 and Rs 1,208. Book profits at Rs 1,200.

TCS
Current price: Rs 2,408
Target price: Rs 2,450
Keep a stop at Rs 2,380 and go long. Add to the position between Rs 2,430 and Rs 2,440. Book profits at Rs 2,450.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Dec 17 2015 | 6:00 AM IST

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