Today's picks- 9 June 2016

Nifty, Bank Nifty, PowerGrid, Asian Paints & HCL Tech

Nifty
Current: 8,273 (fut: 8,283)
Target: NA

Stop- loss long positions at 8,220. Stop-short positions at 8,350. Big moves could go till 8,400, 8,170. A long 8,400c (56), short 8,500c (28) could gain 10-15 if the Nifty crosses 8,350.

Bank Nifty
Current: 17,946 (fut: 17,886)
Target: NA

Stop-loss long positions at 17,800. Stop-loss short positions at 18,000. Big moves could go till 18,225, 17,600 and big moves are somewhat likely today. Trend seems slightly positive.

PowerGrid
Current price: Rs 152.50
Target price: Rs 155

Keep a stop at Rs 151 and go long. Add to the position between Rs 153.5 and Rs 154. Book profits at Rs 155.

Asian Paints
Current price: Rs 1,018
Target price: Rs 1,000

Keep a stop at Rs 1,028 and go short. Add to the position between Rs 1,005 and Rs 1,010. Book profits at Rs 1,000.

HCL Tech
Current price: Rs 743.5
Target price: Rs 755

Keep a stop at Rs 738 and go long. Add to the position between Rs 750 and Rs 752. Book profits at Rs 755.
Target prices, projected movements in terms of next session, unless otherwise stated