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