Today's Picks: 8 December, 2017
Nifty, Bank Nifty, Coal India, Tech Mahindra and more
premium
Last Updated : Dec 08 2017 | 6:00 AM IST
Nifty
Current: 10166 (fut: 10206),
Target: NA
Stop long positions at 10,125. Stop short positions at 10,275.
Big moves could go until 10,325, 10,075.
A long 10,200c (130), two short 10,300c (2x82), long 10,400c (48) costs 14
with positive payoffs if the index moves between 10,216-10,384.
Bank Nifty
Current: 25,057 (fut: 25,188)
Target: NA
Stop long positions at 25,050. Stop short positions at 25,300.
Big moves could go until 25,500, 24,900.
Resistance at 25,250-25,300 could create a selling zone.
Coal India
Current price: Rs 263
Target price: Rs 259
Keep a stop at Rs 266 and go short.
Add to the position between Rs 260 and Rs 261.
Book profits at Rs 259.
Tech Mahindra
Current price: Rs 497
Target price: Rs 505
Keep a stop at Rs 495 and go long.
Add to the position between Rs 502 and Rs 503.
Book profits at Rs 505.
Tata Steel
Current price: Rs 688
Target price: Rs 700
Keep a stop at Rs 681 and go long.
Add to the position between Rs 695 and Rs 698.
Book profits at Rs 700.
Target prices, projected movements in terms of next session, unless otherwise stated