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Today's picks: 12 May, 2017

Nifty, Bank Nifty, Asian Paints, Dr Reddy's, Coal India

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Devangshu Datta Mumbai
Nifty
Current: 9,422 (fut: 9,437), Target: NA
Stop-long positions at 9,370.
Stop-short positions at 9,505. Big moves could go till 9,320, 9,550. A long 9,400p (52), short 9,300p (28) could gain 15-20 if the futures drops till 9,370.
 
Bank Nifty
Current: 22,812 (fut: 22,818), Target: NA
Stop-loss long positions at 22,700. Stop-short positions at 22,950. Big moves could go till 22,475, 23,175. Correction on profit-booking seems likely. 
 
Asian Paints
Current price: Rs 1,166 
Target price: Rs 1,185
Keep a stop at Rs 1,155 and go long. Add to the position between Rs 1,178