Today's picks: 12 September 2017

Nifty, Bank Nifty, Larsen & Toubro, Ambuja Cements, Infosys

Nifty       

Current: 10,006  (fut: 10,024) Target: NA

Stop-long positions at 9,975. Stop-short positions at 10,075. Big moves could go till 9,900, 10,150. A long 10,100c (53), short 10,200c (24) bullspread could gain 10-15 if the index breaks 10,075.

Bank Nifty       

Current: 24,672   (fut: 24,651)  

Target: NA  

Stop-long positions at 24,550. Stop-short positions at 24,750. Big moves could go till 25,000, 24,300. Uptrend is likely to continue.

Larsen & Toubro             

Current price: Rs 1,218 

Target price: Rs 1,240

Keep a stop at Rs 1,205 and go long. Add to the position between Rs 1,230 and Rs 1,235. Book profits at Rs 1,240.  

Ambuja Cements 

Current price: Rs 285

Target price: Rs 290

Keep a stop at Rs 282 and go long. Add to the position between Rs 288 and Rs 289. Book profits at Rs 290.

Infosys           

Current price: Rs 879   

Target price: Rs 865

Keep a stop at Rs 888 and go short. Add to the position between Rs 868 and Rs 871. Book profits at Rs 865.  

---

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