Today's picks- 15 October 2015

Nifty, Bank Nifty, ACC, HDFC & Wipro

NIFTY
Current: 8,108 (futures: 8,121)
Target: NA
Stop loss short positions at 8,185. Stop long positions at 8,035. Big moves could go till 8,000, 8,275.  A  long 8,000p (59) , short 7,900p (37) could gain 10-15 if the futures drops below 8,025.

BANK NIFTY
Current: 17,543 (fut: 17,583)
Target: NA
Stop loss long positions at 17,495. Stop short positions at 17,695. Big moves could go till 17,300, 17,900.  A downtrend seems a little more likely.

ACC
Current price: Rs 1,376
Target price: Rs 1,350
Keep a stop at 1,390 and go short. Add to the position between 1,360-1,365. Book profits at 1,350.

HDFC
Current price: Rs 1,294
Target price: Rs 1,315
Keep a stop at 1,280 and go long, Add to the position between 1,305-1,310. Book profits at 1,315.

WIPRO
Current price: Rs 583
Target price: Rs 570
Keep a stop at 590 and go short. Add to the position between 575-577. Book profits at 570.

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