Today's picks: 22 April 2016

Nifty, Bank Nifty, ACC, BPCL & Tech M

NIFTY
Current: 7,913 (futures: 7,905)
Target: NA

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Stop-long positions at 7.845. Stop-short positions at 7,965. Big moves could go till 8,025, 7,780. A long 7,900p (60), short 7,800p (26) could gain 10-15 if the index dips till 7,850.

BANK NIFTY
Current: 16,637 (fut: 16,604)
Target: NA
Stop-loss short positions at 16,725. Stop-long positions at 16,500. Big moves could go till 16,300, 16,900. Next resistance at 16,675-17,705.

ACC
Current price: Rs 1,433
Target price: Rs 1,405
Keep a stop at Rs 1,450 and go short. Add to the position between Rs 1,415 and Rs 1,420. Book profits at Rs 1,405.

BPCL
Current price: Rs 970
Target price: Rs 990
Keep a stop at Rs 960 and go long. Add to the position between Rs 980 and Rs 985. Book profits at Rs 990.

TECH M
Current price: Rs 476
Target price: Rs 468
Keep a stop at Rs 480 and go short. Add to the position between Rs 469 and Rs 470. Book profits at Rs 468.

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