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Today's Picks: January 6, 2017

Nifty, Bank Nifty, TechM, Tata Motors, Tata Power

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Devangshu Datta
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