Today's picks: 21 December, 2017

Nifty, Bank Nifty, Hindalco, Ambuja Cements, Bharti Airtel

Nifty 
Current: 10,444 (fut: 10,471), Target: NA

Stop-long positions at 10,395. Stop-short positions at 10,550. Big moves could go till 10,600, 10,350. A long 10,500c (43), long 10,400p (40) 

strangle has breakevens at 10,317, 10,583. This can be offset with short 10,300p (23), short 10,600c (13) to reduce break-evens to 10,353, 10,547. 

Bank Nifty 

Current: 25,592 (fut: 25,651)

Target: NA

Stop-long positions at 25,475. Stop-short positions at 25,775.  Big moves could go till 25,950, 25,350. Trend seems negative. 

Hindalco

Current price: Rs 258

Target price: Rs 262 

Keep a stop at Rs 256 and go 

long. Add to the position between Rs 260 and Rs 261. Book profits at Rs 262.

Ambuja Cements  

Current price: Rs 267.5

Target price: Rs 263

Keep a stop at Rs 270 and go 

short. Add to the position between Rs 264 and Rs 265. Book profits at Rs 263. 

Bharti Airtel  

Current price: Rs 529  

Target price: Rs 520

Keep a stop at Rs 534 and go short. Add to the position between Rs 522 and Rs 524. Book profits at Rs 520.

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