Today's picks- 9 December 2015

Nifty, Bank Nifty, Bharti Airtel, ITC & ONGC

Image
Devangshu Datta
Last Updated : Dec 08 2015 | 11:27 PM IST
NIFTY
Current: 7,702 (fut: 7,729),
Target: NA
Stop-long positions at 7,645. Stop-short positions at 7,765. Big moves could go till 7,600, 7,825. A long 7,600p (72), short 7,500p (48) could gain 10-15 if the futures drops below 7,650.

BANK NIFTY
Current: 16,801 (fut: 16,861)
Target: NA
Stop-long positions at 16,745. Stop-short positions at 16,980. Big moves could go till 16,550, 17,200. The downtrend looks likely to continue.

BHARTI AIRTEL
Current price: Rs 318
Target price: Rs 312
Keep a stop at Rs 321 and go short. Add to the position between Rs 313 and Rs 314. Book profits at Rs 312.

ITC
Current price: Rs 315
Target price: Rs 320
Keep a stop at Rs 312 and go long. Add to the position between Rs 318 and Rs 319. Book profits at Rs 320.

ONGC
Current price: Rs 216
Target price: Rs 211
Keep a stop at Rs 218 and short. Add to the position between Rs 212 and Rs 213. Book profits at Rs 211.
Target prices, projected movements in terms of next session, unless otherwise stated
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 08 2015 | 10:30 PM IST

Next Story