Today's picks: 14 December, 2017

Nifty, bank Nifty, Powergrid, Tata Motors, Larsen & Toubro

Nifty       

Current: 10,193  (fut: 10,227) Target: NA

Stop long positions at 10,150. Stop short positions at 10,300. Big moves could go till 10,075, 10,350. A long 10,100p (88), 10,300c (98) indicates that traders are expecting a major move, since breakevens are at 10,486, 9,914. 

Bank Nifty       

Current: 25,000   (futures: 25,048) 

Target: NA  

Stop long positions at 24,925. Stop short positions at 25,175. Big moves could go till 25,400, 27,700. the current trend seems negative. 

Powergrid             

Current price: Rs 200 

Target price: Rs 205

Keep a stop at Rs 198 and go long. Add to the position between Rs 203 and Rs 204. Book profits at Rs 205

Tata Motors 

Current price: Rs 402 

Target price: Rs 394

Keep a stop at Rs 406 and go short. Add to the position between Rs 395 and Rs 397. Book profits at Rs 394. 

Larsen &Toubro         

Current price: Rs 1,189  

Target price: Rs 1,170

Keep a stop at Rs 1,200 and go short. Add to the position between Rs 1,172 and Rs 1,175. Book profits at Rs 1,170 

Target prices, projected movements in terms of next session, unless otherwise stated