Today's picks: December 07, 2017
Nifty, Bank Nifty, Hindalco, Aurobindo Pharma, SBI
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Last Updated : Dec 07 2017 | 6:30 AM IST
Nifty
Current: 10,044 (fut: 10,074) Target: NA
Stop long positions at 10,150. Stop short positions at 10,000. Big moves could go till 9,950, 10,200. A long 10,000p (112), short 9,900p (89) could gain 15-20 if the futures tests 10,000.
Bank Nifty
Current: 24852 (futures: 24942) Target: NA
Stop long positions at 24,800. Stop short positions at 25,100. Big moves could go till 24,650, 25,250 . Trend likely to stay down. A long Dec 28 24,500p (230), short 24,000p (127) could double if the futures dips till 24,650-24,700.
Hindalco
Current price: Rs 232
Target price: Rs 227
Keep a stop at Rs 235 and go short. Add to the position between Rs 228 and Rs 229. Book profits at Rs 227
Aurobindo Pharma
Current price: Rs 653
Target price: Rs 643
Keep a stop at Rs 660 and go short. Add to the position between Rs 644 and Rs 646. Book profits at Rs 643
SBI
Current price: Rs 312
Target price: Rs 306
Keep a stop at Rs 316 and go short. Add to the position between Rs 307 and Rs 308. Book profits at Rs 306.