Today's picks: 12 August 2016

Nifty, Bank Nifty, Hind Unilever, Adani Ports & Grasim

NIFTY

Current: 8,592 (fut: 8,621),
Target: NA
Stop-loss long positions at 8,545. Stop-short positions at 8,700. Big moves could go till 8,490, 8,750. A long 8,500p (41), short 8,400p (23) could double if 8,500 is hit.

BANK NIFTY

Current: 18,640 (fut: 18,752)
Target: NA
Stop-short positions at 18,850. Stop-long positions at 18,650. Big moves could go till 18,400, 19,100. Trend seems bearish.

HIND UNILEVER

Current price: Rs 936
Target price: Rs 950
Keep a stop at Rs 926 and go long. Add to the position between Rs 943 and Rs 947. Book profits at Rs 950.

ADANI PORTS

Current price: Rs 253.5
Target price: Rs 248
Keep a stop at Rs 256 and go short. Add to the position between Rs 249 and Rs 250. Book profits at Rs 248.

GRASIM

Current price: Rs 4,539
Target price: Rs 4,450
Keep a stop at Rs 4,585 and go short. Add to the position between Rs 4,470 and Rs 4,490. Book profits at Rs 4,450.

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