Today's picks: 27 December, 2017
Nifty, Bank Nifty, Ambuja Cements, Tata Steel, Coal India
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Last Updated : Dec 27 2017 | 6:30 AM IST
Nifty
Current: 10,530 (fut: 10,531), Target: NA
Stop-long positions at 10,450.
Stop-short positions at 10,600. Big moves could go till 10,650, 10,400.
A long 10,600c (9), long 10,500p (20) has break-evens at 10,630, 10,470 with two sessions left.
Bank Nifty
Current: 25,675 (fut: 25,693)
Target: NA
Stop-long positions at 25,575. Stop-short positions at 25,800. Big moves could go till 25,900, 25,500. Range-trading close
to current levels likely until settlement.
Ambuja Cements
Current price: Rs 273
Target price: Rs 278
Keep a stop at Rs 270 and go long. Add to the position between Rs 276 and Rs 277. Book profits at Rs 278.
Tata Steel
Current price: Rs 722
Target price: Rs 735
Keep a stop at Rs 715 and go long. Add to the position between Rs 730 and Rs 732. Book profits at Rs 735.
Coal India
Current price: Rs 264
Target price: Rs 260
Keep a stop at Rs 266 and go short. Add to the position between Rs 261 and Rs 262. Book profits at Rs 260.
Target prices, projected movements in terms of next session, unless otherwise stated