Today's picks- 26 August 2016

Nifty, Bank Nifty, BPCL, Tech Mahindra & Hindalco

Nifty
Current: 8,592 (fut: 8,639),
Target: NA
Stop long positions at 8,570. Stop short positions at 8,710. Big moves could go till 8,750, 8,530. A long 8,500p (76), short 8,400p (51) costs 25- it could gain 10-15 if the futures hit 8,550.

Bank Nifty
Current: 19,304 (fut: 19,386)
Target: NA
Stop long positions at 19,190. Stop short positions at 19,500. Big moves could go till 19,050, 19,700.

BPCL
Current price: Rs 598
Target price: Rs 585
Keep a stop at Rs 605 and go short. Add to the position between Rs 588 and Rs 590. Book profits at Rs 585

Tech Mahindra
Current price: Rs 459
Target price: Rs 450
Keep a stop at Rs 465 and go short. Add to the position between Rs 452 and Rs 454. Book profits at Rs 450

Hindalco
Current price: Rs 154
Target price: Rs 151
Keep a stop at Rs 156 and go short. Add to the position between Rs 151.5 and Rs 152.5. Book profits at Rs 151

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