Today's picks: December 20, 2016
Nifty, Bank Nifty, Asian Paints, Bharti Airtel, Wipro
Current: 8,104 (fut: 8,127), Target: NA
Stop-loss long positions at 8,050. Stop-short positions at 8,200. Big moves could go till 8,250, 7,975. A long 8,100p (55), short 8,000p (28) could gain 15-20 if the index drops below 8,075.
Bank Nifty
Current: 18,257 (fut: 18,297)
Also Read
Target: NA
Stop-loss long positions at 18,190. Stop-loss short positions at 18,405. Big moves could go till 18,650, 17,950. Trend continues to look somewhat bearish.
Asian Paints
Current price: Rs 878
Target price: Rs 862
Keep a stop at Rs 885 and go short. Add to the position between Rs 866 and Rs 870.
Bharti Airtel
Current price: Rs 305
Target price: Rs 298
Keep a stop at Rs 309 and go short. Add to the position between Rs 300 and Rs 302.
Book profits at Rs 298.
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