Today's picks: 3 December 2015

Nifty, Bank Nifty, Tata Steel, BHEL & HCL Tech

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Devangshu Datta New Delhi
Last Updated : Dec 03 2015 | 6:00 AM IST
NIFTY

Current: 7,931 (futures: 7,963)
Target: NA

Stop-loss short positions at 8,010.
Stop-loss long positions at 7,895. Big moves could go till 8,075, 7,850. A long 7,800p (70), short 7,700p (47) costs 23 and it could gain 10-15 if 7,875 is hit.

BANK NIFTY

Current: 17,219 (fut: 17,282)
Target: NA

Stop-short positions at 17,400. Stop-long positions at 17,150. Big moves could go till 17,550, 16,950. The downtrend may continue.

TATA STEEL

Current price: Rs 244
Target price: Rs 239

Keep a stop at Rs 246 and go short. Add to the position between Rs 240 and Rs 242. book profits at Rs 239.

BHEL

Current price: Rs 173
Target price: Rs 170

Keep a stop at Rs 175.5 and go short. Add to the position between Rs 171 and Rs 172. book profits at Rs 170.

HCL TECH

Current price: Rs 860
Target price: Rs 875

Keep a stop at Rs 862 and go long. Add to the position between Rs 869 and Rs 873. Book profits at Rs 875.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Dec 03 2015 | 6:00 AM IST

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