Today's picks: December 07, 2017

Nifty, Bank Nifty, Hindalco, Aurobindo Pharma, SBI

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Devangshu Datta
Last Updated : Dec 07 2017 | 6:30 AM IST
Nifty  
     
Current: 10,044  (fut: 10,074) Target: NA
Stop long positions at 10,150. Stop short positions at 10,000. Big moves could go till 9,950, 10,200. A long 10,000p (112), short 9,900p (89) could gain 15-20 if the futures tests 10,000. 
       
Bank Nifty       

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Current: 24852  (futures: 24942) Target: NA  
Stop long positions at 24,800. Stop short positions at 25,100. Big moves could go till 24,650, 25,250  . Trend likely to stay down. A long Dec 28 24,500p (230), short 24,000p (127)  could double if the futures dips till 24,650-24,700.  

Hindalco             

Current price: Rs 232  
Target price: Rs 227
Keep a stop at Rs 235 and go short. Add to the position between Rs 228 and Rs 229. Book profits at Rs 227

Aurobindo Pharma    

Current price: Rs 653  
Target price: Rs 643
Keep a stop at Rs 660 and go short. Add to the position between Rs 644 and Rs 646. Book profits at Rs 643

SBI          

Current price: Rs 312 
Target price: Rs 306
Keep a stop at Rs 316 and go short. Add to the position between Rs 307 and Rs 308. Book profits at Rs 306.

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