Today's picks: 23 August 2017

Nifty, Bank Nifty, BPCL, Indiabulls Housing, TCS

Nifty       

Current: 9,765   (fut: 9,794) Target: NA

Stop-long positions at 9,725. Stop-short positions at 9,875. Big moves could go till 9,920, 9,675. A long 9,700p (42), short 9,600p (24) could gain 15-20 if the index tests 9,700.

Bank Nifty       

Current: 23,974   (futures: 24,083) 

Target: NA  

Stop-long positions at 23,975. Stop-short positions at 24,200. Big moves could go till 24,400, 23,750. Correction likely to continue.  

BPCL          

Current price: Rs 510 

Target price: Rs 520

Keep a stop at Rs 505 and go long. Add to the position between Rs 516 and Rs 518. Book profits at Rs 520.

Indiabulls Housing   

Current price: Rs 1,176   

Target price: Rs 1,155

Keep a stop at Rs 1,190 and go short. Add to the position between Rs 1,160 and Rs 1,165. Book profits at Rs 1,155.

TCS         

Current price: Rs 2,498  

Target price: Rs 2,455

Keep a stop at Rs 2,520 and go short. Add to the position between Rs 2,465 and Rs 2,475. Book profits at Rs 2,455.

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