<b>Today's Picks:</b> 17 January, 2017
Nifty, Bank Nifty, HCL Tech, Tata Steel and BPCL
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Last Updated : Jan 17 2017 | 6:00 AM IST
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 458
Target price: Rs 465
Keep a stop at 454 and go long. Add to the position between 462-464. Book profits at 465.
BPCL
Current price: Rs 668
Target price: Rs 678
Keep a stop at 662 and go long. Add to the position between 674-676. Book profits at 678.
Target prices, projected movements in terms of next session, unless otherwise stated