Today's picks: December 27, 2016
Nifty, Bank Nifty, Idea Cellular, Hindalco, Lupin
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)
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.
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)
Also Read
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.
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.