Today's picks: 27 April 2016

Nifty, Bank Nifty, Hindalco, BHEL & ONGC

NIFTY
Current: 7,962.65 (futures: 7,971)
Target: NA
Stop-loss short positions at 8,035. Stop-long positions at 7,895. Big moves could go till 8,075, 7,870. A long 7,900p (15), long 8,000c (25) has breakevens at around 8,045, 7,855 and good chances of payback.

BANK NIFTY
Current: 17,002.55 (fut: 17,015)
Target: NA
Stop-loss long positions at 16,900. Stop-short positions at 17,125. Big moves could go till 17,350, 16,700. Trend is up. Resistance at 17,120-17,150. Support at 16,870-16,900.

HINDALCO
Current price: Rs 103
Target price: Rs 100.5
Keep a stop at Rs 104.5 and short. Add to the position between Rs 101 and Rs 102. Book profits at Rs 100.5.

BHEL
Current price: Rs 129
Target price: Rs 125
Keep a stop at Rs 131 and go short. Add to the position between Rs 126 and Rs 127. Book profits at Rs 125.

ONGC
Current price: Rs 214
Target price: Rs 218
Keep a stop at Rs 212 and go long. Add
to the position between Rs 216 and Rs 217. Book profits at Rs 218.

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