Today's picks: 12 September 2017

Nifty, Bank Nifty, Larsen & Toubro, Ambuja Cements, Infosys

Nifty       

Current: 10,006  (fut: 10,024) Target: NA

Stop-long positions at 9,975. Stop-short positions at 10,075. Big moves could go till 9,900, 10,150. A long 10,100c (53), short 10,200c (24) bullspread could gain 10-15 if the index breaks 10,075.

Bank Nifty       

Current: 24,672   (fut: 24,651)  

Target: NA  

Stop-long positions at 24,550. Stop-short positions at 24,750. Big moves could go till 25,000, 24,300. Uptrend is likely to continue.

Larsen & Toubro             

Current price: Rs 1,218 

Target price: Rs 1,240

Keep a stop at Rs 1,205 and go long. Add to the position between Rs 1,230 and Rs 1,235. Book profits at Rs 1,240.  

Ambuja Cements 

Current price: Rs 285

Target price: Rs 290

Keep a stop at Rs 282 and go long. Add to the position between Rs 288 and Rs 289. Book profits at Rs 290.

Infosys           

Current price: Rs 879   

Target price: Rs 865

Keep a stop at Rs 888 and go short. Add to the position between Rs 868 and Rs 871. Book profits at Rs 865.   Target prices, projected movements in terms of next session, unless otherwise stated