Today's picks- 13 April 2016

Nifty, Bank Nifty, Ashok Leyland, Coal India & TCS

NIFTY
Current: 7,709 (fut: 7,730),
Target: NA

Stop-long positions at 7,670. Stop-short positions at 7,790. Big moves could go till 7,600, 7,850. A long 7,600p (39), short 7,500p (22) costs 17. it could gain 10-15 if the futures hits 7,625.

BANK NIFTY
Current: 15,880 (fut: 15,948)
Target: NA

Stop-long positions at 15,840. Stop-short positions at 16,055. Big moves could go till 16,250, 15,650. Big resistances at 16,100-16,150 could trigger a trend reversal from that level.

ASHOK LEYLAND
Current price: Rs 111.5
Target price: Rs 113.5

Keep a stop at Rs 110 and go long. Add to the position between Rs 112.75 and Rs 113. Book profits at Rs 113.5.

COAL INDIA
Current price: Rs 274
Target price: Rs 270

Keep a stop at Rs 277 and go short Add to the position between Rs 271 and Rs 272. book profits at Rs 270.

TCS
Current price: Rs 2,520
Target price: Rs 2,560

Keep a stop at Rs 2,500 and go long. Add to the position between Rs 2,540 and Rs 2,550. Book profits at Rs 2,560.
Target prices, projected movements in terms of next session, unless otherwise stated