Today's Picks: 1 December, 2016

Nifty, Bank Nifty, Idea, Maruti Suzuki, PowerGrid

Nifty 
 

Current: 8,224 (fut: 8,254), Target: NA

Stop-long positions at 8,175. Stop-short positions at 8,325. Big moves could go till 8,375, 8,125. A long 8,400c (60), short 8,500c (32) could gain 15-20 if the index future hits 8,350.

Bank Nifty 
 

Current: 18,627 (fut: 18,682)

Target: NA

Stop-long positions at 18,550. Stop-short position at 18,800. Big moves could go till 19,000, 18,350. If the breakout is sustained, 19,000 resistance will be tested.

Idea
 

Current price: Rs 77 

Target price: Rs 74.5 

Keep a stop at Rs 78 and go 

short. Add to the position between Rs 75 and Rs 76. Book profits at Rs 74.5.

Maruti Suzuki 
 

Current price: Rs 5,266

Target price: Rs 5,160

Keep a stop at Rs 5,320 and go short. Add to the position between Rs 5,180 and Rs 5,200. Book profits at Rs 5,160.

PowerGrid  
 

Current price: Rs 192 

Target price: Rs 196

Keep a stop at Rs 190 and go long. Add to the position between Rs 194 and Rs 195. Book profits 

at Rs 196.

Devangshu Datta

Target prices, projected movements in terms of next session, unless otherwise stated