Today's picks: December 27, 2016

Nifty, Bank Nifty, Idea Cellular, Hindalco, Lupin

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Devangshu Datta
Last Updated : Dec 27 2016 | 6:00 AM IST
Nifty
Current: 7,908  (fut: 7,917), Target: NA
Stop-loss long positions at 7,850. Stop-loss short positions at 7,980. Big moves could go till 8,025, 7,800. A long 7,900p (35), short 7,800p (11) would gain 10-15 if the index falls below 7,870.
 
Bank Nifty
Current: 17,655  (fut: 17,678)

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Target: NA
Stop-loss long positions at 17,575. Stop-loss short positions at 17,790. Big moves could go till 18,000, 17,350. Downtrend could continue. Pullbacks on short covering will hit resistance at 17,950-18,000.
 
Idea Cellular
Current price: Rs 69.5  
Target price: Rs 71
Keep a stop at Rs 68.75 and go long. Add to the position between Rs 70.25 and Rs 70.5.
Book profits at Rs 71.
 
Hindalco
Current price: Rs 151.5
Target price: Rs 148
Keep a stop at Rs 153 and go
short. Add to the position between Rs 148.5 and Rs 19.5.
Book profits at Rs 148.
 
Lupin   
Current price: Rs 1,403
Target price: Rs 1,380
Keep a stop at Rs 1,416 and go short. Add to the position between Rs 1,385 and Rs 1,390. Book profits at Rs 1,380.

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First Published: Dec 27 2016 | 6:00 AM IST

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