Today's picks- 25 December 2014

Nifty, Bank Nifty, Cairn, Hindustan Unilever & Ultratech Cement

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Devangshu Datta
Last Updated : Dec 26 2014 | 12:36 AM IST
NIFTY
Current: 8,174 (futures: 8,275)
Stop-loss shorts at 8,350. Stop long positions at 8,200. Premiums likely to dip. Sell 8,400c (88), buy 8,500c (53). The position can be reversed to keep 10-15 in profits if the future falls till 8,200.

BANK NIFTY
Current: 18,535 (futures: 18,797)
Target: 18,500 (futures: 18,600)
Futures are at a huge premium to spot. Keep a stop at 18,900 and short. Add to the position between 18,650 and 18,675. Book profits at 18,600.

CAIRN
Current: Rs 241
Target: Rs 236
Keep a stop at Rs 244 and shirt. Add to the position between Rs 238 and Rs 239. Book profits at Rs 237.

HINDUSTAN UNILEVER
Current: Rs 757
Target: Rs 770
Keep a stop at Rs 750 and go long. Add to the position between Rs 763 and Rs 766. Book profits at Rs 770.

ULTRATECH CEMENT
Current: Rs 2,620
Target: Rs 2,675
Keep a stop at Rs 2,590 and go long. Add to the position between Rs 2,650 and Rs 2,665. Book profits at Rs 2,675.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Dec 25 2014 | 10:25 PM IST

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