Today's picks: December 06, 2017

Nifty, Bank Nifty, HDFC, Hero MotoCorp, BPCL

Nifty 

Current: 10,118 (fut: 10146), 

Target: NA

Stop long positions at 1075. Stop short positions at 10,225. Big moves could go till 10,000, 10,300. Expect higher volatility. A long 10,000p (90), short 9,900p (65) could gain 10-15 if the index drops below 10050.

Bank Nifty

Current: 25125 (fut: 25247)

Target: NA

Stop long positions at 25,100. Stop short positions at 25,400. Big moves could go till 25,650,24,850. Expect high volatility due to Monetary Policy statement. Trend remains negative but a rate cut could energise bulls.

HDFC  

Current price: Rs 1,679   

Target price: Rs 1,650

Keep a stop at Rs 1,695 and go short. Add to the position between Rs 1,655 and Rs 1,660. Book profits at Rs 1,650.

Hero MotoCorp

Current price: Rs 3,520 

Target price: Rs 3,470

Keep a stop at Rs 3,550 and go short. Add to the position between Rs 3,480 and Rs 3,490. Book profits at Rs 3,470.

BPCL 

Current price: Rs 501 

Target price: Rs 510

Keep a stop at Rs 495 and go long. Add to the position between Rs 507 and Rs 509. Book profits at Rs 510.

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