Today's picks- 25 October 2016

Nifty, Bank Nifty, Wipro, BPCL & Tata Power

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Devangshu Datta
Last Updated : Oct 25 2016 | 6:00 AM IST
Nifty
Current: 8,708 (fut: 8,723)
Target: NA
Stop-long positions at 8,645. Stop-short positions at 8,765. Big moves could go till 8,850, 8,600. A long 8,800c (16), long 8,600p (13) will break even if the index hits 8,830, 8,570 in the next three sessions.

Bank Nifty
Current: 19,808 (futures: 19,829)
Target: NA
Stop-long positions at 19,710. Stop-short positions at 19,935. Big moves could go till 20,150, 19,500. Trend seems neutral ahead of settlement.

Wipro
Current price: Rs 483
Target price: Rs 490
Keep a stop at Rs 480 and go long. Add to the position between Rs 487 and Rs 489. Book profits at Rs 490.

BPCL
Current: Rs 686
Target: Rs 696
Keep a stop at Rs 680 and go long. Add to the position between Rs 692 and Rs 694. Book profits at Rs 696.

Tata Power
Current: Rs 83.5
Target: Rs 81.5
Keep a stop at Rs 84.4 and go short. Add to the position between Rs 81.75 and Rs 82.5. Book profits at Rs 81.5.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Oct 25 2016 | 6:00 AM IST

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