Today's picks: 21 December, 2017

Nifty, Bank Nifty, Hindalco, Ambuja Cements, Bharti Airtel

Nifty 
Current: 10,444 (fut: 10,471), Target: NA

Stop-long positions at 10,395. Stop-short positions at 10,550. Big moves could go till 10,600, 10,350. A long 10,500c (43), long 10,400p (40) 

strangle has breakevens at 10,317, 10,583. This can be offset with short 10,300p (23), short 10,600c (13) to reduce break-evens to 10,353, 10,547. 

Bank Nifty 

Current: 25,592 (fut: 25,651)

Target: NA

Stop-long positions at 25,475. Stop-short positions at 25,775.  Big moves could go till 25,950, 25,350. Trend seems negative. 

Hindalco

Current price: Rs 258

Target price: Rs 262 

Keep a stop at Rs 256 and go 

long. Add to the position between Rs 260 and Rs 261. Book profits at Rs 262.

Ambuja Cements  

Current price: Rs 267.5

Target price: Rs 263

Keep a stop at Rs 270 and go 

short. Add to the position between Rs 264 and Rs 265. Book profits at Rs 263. 

Bharti Airtel  

Current price: Rs 529  

Target price: Rs 520

Keep a stop at Rs 534 and go short. Add to the position between Rs 522 and Rs 524. Book profits at Rs 520.

---

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