Business Standard

Today's picks- 23 December 2014

Nifty, Bank Nifty, NTPC, DLF & Tata Steel

Devangshu Datta 

NIFTY
Current: 8,267 (futures: 8,266)
Stop-loss shorts at 8,325. Stop long positions at 8,200. Some downside bias is visible. A combined long Dec 8,200p (7) and long Dec 8,300c (10) could double on a big move.

BANK NIFTY

Current: 18,603 (futures: 18,617)
Target: 18,450 (futures: 18,450)
Keep a stop at 18,700 and short. Add to the position between 18,475 and 18,500. Book profits at 18,450.

NTPC
Current: Rs 143
Target: Rs 146
Keep a stop at Rs 141 and go long. Add to the position between Rs 144 and Rs 145. Book profits at Rs 146.

DLF
Current: Rs 133.5
Target: Rs 129
Keep a stop at Rs 136 and go short. Add to the position between Rs 130 and Rs 131. Book profits at Rs 129

TATA STEEL
Current: Rs 395
Target: Rs 389
Keep a stop at Rs 397 and go short. Add to the positions between Rs 391 and Rs 393. Book profits at Rs 389.


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

First Published: Tue, December 23 2014. 22:30 IST
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