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