Today's picks- 13 October 2015

Nifty, Bank Nifty, Hindalco, Tata Steel & TCS

NIFTY
Current: 8,144 (futures: 8,150)
Target: NA
Stop short positions at 8,205. Stop long positions at 8,090. Big moves could go till 8,000, 8,300. A long 8,000p (69) , short 7,900p (49) could gain 10-15 if the futures drops till 8,075.

BANK NIFTY
Current: 17,583 (fut: 17,623)
Target: NA
Stop loss short positions at 17,710. Stop long positions at 17,490. Big moves could go till 17,300, 17,900. A  fall looks a little more likely.

HINDALCO
Current price: Rs 88
Target price: Rs 86
Keep a stop at 89 and go short. Add to the position between 86.5-87.  Book profits at 86.

TATA STEEL
Current price: Rs 251
Target price: Rs 256
Keep a stop at 248 and go long. Add to the position between 253-254.  Book profits at 256.

TCS
Current price: Rs 2,593
Target price: Rs 2,540
Keep a stop at 2,620 and go short. Add to the position between 2,550-2,560. Book profits at 2,540.  

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