Today's picks: 4 January, 2018
Nifty, Bank Nifty, Dr Reddys, Bajaj Auto, Hindalco
premium
Last Updated : Jan 04 2018 | 6:30 AM IST
Nifty
Current: 10,443 (fut: 10,472), Target: NA
Stop-long positions at 10,390.
Stop-short positions at 10,555. Big moves could go till 10,600, 10,350.
A long 10,300p (66), short 10,200p (44) could gain 15-20 if the index falls till 10,375.
Bank Nifty
Current: 25,319 (fut:25,386)
Target: NA
Stop-long positions at 25,275. Stop-short positions at 25,500. Big moves could go till 25,050, 25,725. Trend looks bearish.
Dr Reddys
Current price: Rs 2,339
Target price: Rs 2,300
Keep a stop at Rs 2,360 and go short. Add to the position between Rs 2,305 and Rs 2,315. Book profits at Rs 2,300.
Bajaj Auto
Current price: Rs 3,241
Target price: Rs 3,185
Keep a stop at Rs 3,275 and go short. Add to the position between Rs 3,190 and Rs 3,205. Book profits at Rs 3,185.
Hindalco
Current price: Rs 276
Target price: Rs 282
Keep a stop at Rs 273 and go
long. Add to the position between Rs 280 and Rs 281.
Book profits at Rs 282.
Target prices, projected movements in terms of next session, unless otherwise stated