Today's picks: 19 December, 2017

Nifty, Bank Nifty, Coal India, Mahindra & Mahindra, Hindalco

Nifty       

Current: 10,389  (fut: 10,410) Target: NA

Stop-long positions at 10,325. Stop-short positions at 10,500. Big moves could go till 10,550, 10,275. A long 10,500c (40), long 10,300p (45) has breakevens at 10,215, 10,585 . Either end could be struck before settlement.

Bank Nifty       

Current: 25,595   (futures: 25,641) 

Target: NA  

Stop-long positions at 25,500. Stop-short positions at 25,775. Big moves could go till 25,950, 25,300. Trend should be slightly positive.

Coal India          

Current price: Rs 268 

Target price: Rs 263

Keep a stop at Rs 271 and go short. Add to the position between Rs 264 and Rs 265. Book profits at Rs 263.

Mahindra & Mahindra   

Current price: Rs 1,521   

Target price: Rs 1,550

Keep a stop at Rs 1,505 and go long. Add to the position between Rs 1,535 and Rs 1,545. Book profits at Rs 1,550.

Hindalco        

Current price: Rs 250  

Target price: Rs 254

Keep a stop at Rs 248 and go long. Add to the position between Rs 252 and Rs 253. Book profits at Rs 254.

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