Today's picks- 30 December 2015

Nifty, Bank Nifty, Larsen & Toubro, Maruti Suzuki & Bajaj Auto

NIFTY
Current: 7,929 (futures: 7,939)
Target: NA
Stop-loss long positions at 7,890. Stop-short positions at 8,000. Big moves could go till 8,050, 7,810. A long 7,900p (13) and long 7,950 (19) would work if the index moved outside 7,868-7,982 by settlement.

BANK NIFTY
Current: 16,991 (fut: 17,025)
Target: NA
Stop-long positions at 16,920. Stop-short positions at 17,130. A big move could go till 17,200, 16,800. Uptrend may be close to exhaustion.

LARSEN & TOUBRO
Current price: Rs 1,290
Target price: Rs 1,270
Keep a stop at Rs 1,305 and go short. Add to the position between Rs 1,275 and Rs 1,280. book profits at Rs 1,270.

MARUTI SUZUKI
Current price: Rs 4,647
Target price: Rs 4,600
Keep a stop at Rs 4,665 and go short. Add to the position between Rs 4,610 and Rs 4,620. Book profits at Rs 4,600.

BAJAJ AUTO
Current price: Rs 2,530
Target price: Rs 2,570
Keep a stop at Rs 2,550 and go long. Add to the position between Rs 2,555 and Rs 2,565. Book profits at Rs 2,570.

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