Today's picks: 28 December, 2017

Nifty, Bank Nifty, Wipro, Bharti Airtel, Hindalco

Nifty 

      

Current: 10,490 (fut: 10,491) Target: NA

Stop-long positions at 10,425. Stop-short positions at 10,565. Big moves could go till 10,375, 10,600. But, range trading between 10,450 and 10,545 is likely - a straddle of 10,500p (27), 10,500c (19) has break-evens at 10,546, 10,454.

Bank Nifty  

     

Current: 25,496   (futures: 25,443) 

Target: NA  

Stop-long positions at 25,350. Stop-short positions at 25,575. Big moves could go 

till 25,700, 25,200. The bank Nifty looks more bearish than overall market. 

Wipro   

        

Current price: Rs 307

Target price: Rs 312

Keep a stop at Rs 305 and go long. Add to the positions between Rs 310 and Rs 311. 

Book profits at Rs 312. 

Bharti Airtel

  

Current price: Rs 535  

Target price: Rs 525

Keep a stop at Rs 540 and go Rs 528-530. Add to the position between Rs 526 and Rs 528. Book profits at Rs 525. 

Hindalco  

     

Current price: Rs 265   

Target price: Rs 260

Keep a stop at Rs 268 and go short. Add to the position between Rs 261 and Rs 262. Book profits at Rs 260.

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