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<b>Today's Picks:</b> 17 January, 2017

Nifty, Bank Nifty, HCL Tech, Tata Steel and BPCL

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Devangshu Datta Mumbai
Nifty 
 
Current: 8,412  (fut: 8,435) 
Target: NA
Stop loss long positions at 8370. Stop loss shorts at 8500. Bog moves could go till 8550, 8320. A long 8500c (32), short 8600c(9), could gain 10-15 if the 8500 level is tested.

Bank Nifty 

Current: 19,096 (fut: 19,145)
Target: NA
Stop loss long positions at 19050. Stop short positions at 19250. Big moves could go till 19450, 18850. Trend remains bullish.

HCL Tech 

Current price: Rs 830
Target price: Rs 815
Keep a stop at 838 and go short. Add to the position between 818-822. Book profits at 815.

Tata Steel

Current price: Rs