Today's picks: 28 December, 2017

Nifty, Bank Nifty, Wipro, Bharti Airtel, Hindalco

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Devangshu Datta
Last Updated : Dec 28 2017 | 6:00 AM IST
Nifty 
      
Current: 10,490 (fut: 10,491) Target: NA
Stop-long positions at 10,425. Stop-short positions at 10,565. Big moves could go till 10,375, 10,600. But, range trading between 10,450 and 10,545 is likely - a straddle of 10,500p (27), 10,500c (19) has break-evens at 10,546, 10,454.

Bank Nifty  
     

Also Read

Current: 25,496   (futures: 25,443) 
Target: NA  
Stop-long positions at 25,350. Stop-short positions at 25,575. Big moves could go 
till 25,700, 25,200. The bank Nifty looks more bearish than overall market. 

Wipro   
        
Current price: Rs 307
Target price: Rs 312
Keep a stop at Rs 305 and go long. Add to the positions between Rs 310 and Rs 311. 
Book profits at Rs 312. 

Bharti Airtel
  
Current price: Rs 535  
Target price: Rs 525
Keep a stop at Rs 540 and go Rs 528-530. Add to the position between Rs 526 and Rs 528. Book profits at Rs 525. 

Hindalco  
     
Current price: Rs 265   
Target price: Rs 260
Keep a stop at Rs 268 and go short. Add to the position between Rs 261 and Rs 262. Book profits at Rs 260.

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


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