<b>Today's picks:</b> 24 January, 2017
Nifty, Bank Nifty, Larsen & Toubro, Hindalco and Divi's Lab
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Last Updated : Jan 24 2017 | 6:00 AM IST
Nifty
Current: 8,391 (fut: 8,410), Target: NA
Stop loss long positions at 8340. Stop loss shorts at 8500. Big moves could go till 8280, 8550.
A long 8500c (5), short 8400c(38), could gain if the 8500 level is tested.
Bank Nifty
Current: 18,842 (fut: 18,917)
Target: NA
Stop loss long positions at 18820. Stop short positions at 19020. Big moves could go till 19250, 18600 but range-trading seems more likely, with a bullish undertone.
Larsen & Toubro
Current price: Rs 1,393
Target price: Rs 1,370
Keep a stop at 1405 and go short. Add to the position between 1,375-1,380. Book profits at 1,370.
Hindalco
Current price: Rs 182
Target price: Rs 186
Keep a stop at 1780 and go long. Add to the position between 184-185. Book profits at 186
Divi’s Lab
Current price: Rs 687
Target price: Rs 675
Keep a stop at 695 and go short. Add to the position between 678-682. Book profits at 675.
Target prices, projected movements in terms of next session, unless otherwise stated