Today's Picks: December 14, 2016

Nifty, Bank Nifty, BHEL, Tata Power, Wipro

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Devangshu Datta
Last Updated : Dec 14 2016 | 12:23 AM IST
Nifty

Current: 8,222 (fut: 8,223), Target: NA
Stop-loss long positions at 8,170. Stop-short positions at 8,275. Big
moves could go till 8,350, 8,100. A long 8,300c (59), short 8,400c (27) could gain 10-15 if the index hits 8,300.

Bank Nifty 

Current: 18,466 (fut: 18,490)

Also Read

Target: NA
Stop-loss long positions at 18,390. Stop-short positions at 18,590. Big moves can go till 18,850, 18,150. Newsflow out of the Fed meeting will set the trend for next two sessions. As of now, trend is up.

BHEL

Current price: Rs 125.5 
Target price: Rs 121.5 
Keep a stop at Rs 127 and go short. Add to the position between Rs 122.5 and Rs 125. Book profits at Rs 121.5.

Tata Power 

Current price: Rs 77.5
Target price: Rs 75.5
Keep a stop at Rs 78.5 and go short. Add to the position between Rs 76 and Rs 76.5. Book profits at Rs 75.5.

Wipro  

Current price: Rs 464 
Target price: Rs 472
Keep a stop at Rs 460 and go long. Add to the position between Rs 468 and Rs 470. Book profits at Rs 472.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Dec 14 2016 | 12:05 AM IST

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