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Today's picks

Nifty, Bank Nifty, Hindalco, GAIL, Hindustan Unilever

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Devangshu Datta
Nifty      
Current: 10,417  (fut: 10,425) Target: NA
Stop-long positions at 10,345. Stop-short positions at 10,500. Big moves could go till 10,550, 10,275. A long 10,300p (71), 10,200p (49) could gain 10-15 if the index drops till 10,350.
 
Bank Nifty      
Current: 25,098    (futures: 25,097)
Target: NA 
Stop-long positions at 24,975. Stop-short positions at 25,225. Big moves could go till 24,750, 25,450. Trend looks bearish.
 
Hindalco          
Current price: Rs 234
Target price: Rs 238
Keep a stop at Rs 232 and go long . Add to the position between Rs 236 and Rs 237. Book profits at