Today's picks: 29 December 2015

Nifty, Bank Nifty, Bharti Airtel, NTPC & Lupin

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Devangshu Datta
Last Updated : Dec 29 2015 | 6:00 AM IST
NIFTY
Current: 7,925 (futures: 7,905)
Target: NA
Stop long positions at 7,845. Stop short positions at 7,975. Big moves could go till 8,025 and 7,800. A long 7,850p (15), long 7,950c (15) could gain if there's a swing session before settlement.

BANK NIFTY
Current: 16,970 (fut: 16,930)
Target: NA
Could open high, given premium on spot versus futures. Stop loss long positions at 16,850. Stop short positions at 17,055. Big moves could go to 17,250, 16,675. Index may test resistance at above 17,050.

BHARTI AIRTEL
Current price: Rs 332
Target price: Rs 325
Keep a stop at Rs 336 and go short. Add to the position between Rs 326 and Rs 327. Book profits at Rs 325.

NTPC
Current price: Rs 144
Target price: Rs 141
Keep a stop at Rs 146 and short. Add to the position between Rs 142 and Rs 144. Book profits at Rs 141.

LUPIN
Current price: Rs 1,840
Target price: Rs 1,875
Keep a stop at Rs 1,820 and go long. Add to the position between Rs 1,860 and Rs 1,865. Book profits at Rs 1,875.

Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Dec 29 2015 | 6:00 AM IST

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