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Today’s picks- 16 December 2014

NIFTY
Current: 8,067.6 (fut: 8,118)
Target: NA
Stop-loss long positions at 8,025 and stop short positions at 8,175. The index may bounce on short-covering. The intermediate trend is down. A long 8,000p (36) and long 8,200c (42) would gain 10-15 on a big move.

BANK NIFTY
Current: 17,830 (fut: 17,920)
Target: 17,650 (fut: 17,750)
Keep a stop at 18,050 and go short. Add to the position between 17,775 and 18,800. Book profits at 17,750

SESA STERLITE
Current price: Rs 194
Target price: Rs 198
Keep a stop at Rs 192 and go long. Add to the position between Rs 196 and Rs 197. Book profits at Rs 198.

CAIRN
Current price: Rs 236
Target price: Rs 232
Keep a stop at Rs 238 and short. Add to the position between Rs 233 and Rs 234. Book profits at Rs 232.

TCS
Current price: Rs 2,443
Target price: Rs 2,400
Keep a stop at Rs 2,460 and short. Add to the position between Rs 2,410 and Rs 2,420. Book profits at Rs 2,400.


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

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