Today's picks: 5 January, 2018

Nifty, Bank Nifty, Larsen & Toubro, Tata Steel, Infosys

Nifty 

Current: 10,505 (fut: 10,535), Target: NA

Stop-long positions at 10,450.  Stop-short positions at 10,610. Big moves could go till 10,675, 10,390. A long 10,600c (79), short 10,700c (42) could gain 10-15 if the futures crosses 10,575.  

Bank Nifty 

Current: 25,462 (fut: 25,523)

Target: NA

Stop-long positions at 25,400.  Stop-short positions at 25,650. Big moves could go till 25,850, 25,200. Trend may have gone positive.

Larsen & Toubro

Current price: Rs 1,316

Target price: Rs 1,340

Keep a stop at Rs 1,305 and go long. Add to the position between Rs 1,330 and Rs 1,335. Book profits at Rs 1,340.

Tata Steel  

Current price: Rs 760

Target price: Rs 772

Keep a