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Today's Picks: 8 December, 2017

Nifty, Bank Nifty, Coal India, Tech Mahindra and more

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Devangshu Datta
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