Today's picks: December 06, 2017
Nifty, Bank Nifty, HDFC, Hero MotoCorp, BPCL
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Last Updated : Dec 06 2017 | 6:30 AM IST
Nifty
Current: 10,118 (fut: 10146),
Target: NA
Stop long positions at 1075. Stop short positions at 10,225. Big moves could go till 10,000, 10,300. Expect higher volatility. A long 10,000p (90), short 9,900p (65) could gain 10-15 if the index drops below 10050.
Bank Nifty
Current: 25125 (fut: 25247)
Target: NA
Stop long positions at 25,100. Stop short positions at 25,400. Big moves could go till 25,650,24,850. Expect high volatility due to Monetary Policy statement. Trend remains negative but a rate cut could energise bulls.
HDFC
Current price: Rs 1,679
Target price: Rs 1,650
Keep a stop at Rs 1,695 and go short. Add to the position between Rs 1,655 and Rs 1,660. Book profits at Rs 1,650.
Hero MotoCorp
Current price: Rs 3,520
Target price: Rs 3,470
Keep a stop at Rs 3,550 and go short. Add to the position between Rs 3,480 and Rs 3,490. Book profits at Rs 3,470.
BPCL
Current price: Rs 501
Target price: Rs 510
Keep a stop at Rs 495 and go long. Add to the position between Rs 507 and Rs 509. Book profits at Rs 510.
Target prices, projected movements in terms of next session, unless otherwise stated