Today's picks: 14 December, 2017
Nifty, bank Nifty, Powergrid, Tata Motors, Larsen & Toubro
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Last Updated : Dec 14 2017 | 6:00 AM IST
Nifty
Current: 10,193 (fut: 10,227) Target: NA
Stop long positions at 10,150. Stop short positions at 10,300. Big moves could go till 10,075, 10,350. A long 10,100p (88), 10,300c (98) indicates that traders are expecting a major move, since breakevens are at 10,486, 9,914.
Bank Nifty
Current: 25,000 (futures: 25,048)
Target: NA
Stop long positions at 24,925. Stop short positions at 25,175. Big moves could go till 25,400, 27,700. the current trend seems negative.
Powergrid
Current price: Rs 200
Target price: Rs 205
Keep a stop at Rs 198 and go long. Add to the position between Rs 203 and Rs 204. Book profits at Rs 205
Tata Motors
Current price: Rs 402
Target price: Rs 394
Keep a stop at Rs 406 and go short. Add to the position between Rs 395 and Rs 397. Book profits at Rs 394.
Larsen &Toubro
Current price: Rs 1,189
Target price: Rs 1,170
Keep a stop at Rs 1,200 and go short. Add to the position between Rs 1,172 and Rs 1,175. Book profits at Rs 1,170
Target prices, projected movements in terms of next session, unless otherwise stated