Today's picks: 4 January, 2018

Nifty, Bank Nifty, Dr Reddys, Bajaj Auto, Hindalco

Nifty

Current: 10,443 (fut: 10,472), Target: NA

Stop-long positions at 10,390. 

Stop-short positions at 10,555. Big moves could go till 10,600, 10,350. 

A long 10,300p (66), short 10,200p (44) could gain 15-20 if the index falls till 10,375.   

Bank Nifty

Current: 25,319 (fut:25,386)

Target: NA

Stop-long positions at 25,275. Stop-short positions at 25,500.  Big moves could go till 25,050, 25,725. Trend looks bearish.

  

Dr Reddys

Current price: Rs 2,339 

Target price: Rs 2,300

Keep a stop at Rs 2,360 and go short. Add to the position between Rs 2,305 and Rs 2,315. Book profits at Rs 2,300.  

Bajaj Auto   

Current price: Rs 3,241

Target price: Rs 3,185

Keep a stop at Rs 3,275 and go short. Add to the position between Rs 3,190 and Rs 3,205. Book profits at Rs 3,185.

Hindalco   

Current price: Rs 276

Target price: Rs 282

Keep a stop at Rs 273 and go 

long. Add to the position between Rs 280 and Rs 281. 

Book profits at Rs 282.

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