Today's Picks: January 6, 2017
Nifty, Bank Nifty, TechM, Tata Motors, Tata Power
premium
Last Updated : Jan 06 2017 | 6:00 AM IST
Nifty
Current: 8,274 (fut: 8,288), Target: NA
Stop-loss long positions at 8,220. Stop-short positions at 8,355. Big moves could go till 8,400, 8,150, Index is testing key resistance between 8,275 and 8,300. A long 8,400c (49), short 8,500c (23) could gain 15-20 if the futures hits 8,350.
Bank Nifty
Current: 18,116 (fut: 18,144) Target: NA
Stop-loss short positions at 18,255. Stop-long positions at 18,025, Big moves could go till 18,500, 17,700. Index has key resistance between 18,200 and 18,250.
TechM
Current price: Rs 488
Target price: NA
Keep a stop at Rs 492 and go short. Add to the position between Rs 482 and Rs 484. Book profits at Rs 480.
Tata Motors
Current price: Rs 502
Target price: Rs 492
Keep a stop at Rs 507 and go short. Add to the position between Rs 493 and Rs 495. Book profits at Rs 492.
Tata Power
Current price: Rs 77
Target price: Rs 79
Keep a stop at Rs 76 and go long. Add to the position between Rs 78 and Rs 78.5. Book profits at Rs 79.