Today's picks: 5 January, 2018

Nifty, Bank Nifty, Larsen & Toubro, Tata Steel, Infosys

Nifty 

Current: 10,505 (fut: 10,535), Target: NA

Stop-long positions at 10,450.  Stop-short positions at 10,610. Big moves could go till 10,675, 10,390. A long 10,600c (79), short 10,700c (42) could gain 10-15 if the futures crosses 10,575.  

Bank Nifty 

Current: 25,462 (fut: 25,523)

Target: NA

Stop-long positions at 25,400.  Stop-short positions at 25,650. Big moves could go till 25,850, 25,200. Trend may have gone positive.

Larsen & Toubro

Current price: Rs 1,316

Target price: Rs 1,340

Keep a stop at Rs 1,305 and go long. Add to the position between Rs 1,330 and Rs 1,335. Book profits at Rs 1,340.

Tata Steel  

Current price: Rs 760

Target price: Rs 772

Keep a stop at Rs 755 and go 

long. Add to the position between Rs 767 and Rs 770. Book profits at Rs 772.  

Infosys   

Current price: Rs 1,015

Target price: Rs 995

Keep a stop at Rs 1,025 and go short. Add to the position between Rs 1,000 and Rs 1,005. Book profits at Rs 995.

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