Today's picks: 18 February 2016

Nifty, Bank Nifty, BPCL, BHEL & Cipla

NIFTY

Current: 7108 (fut: 7132),
Target: NA
Stop loss short positions at 7205. Stop long positions at 7060. Big moves could go till 6975, 7275. A long 6900p (21), long 7300c (20) could gain 10-15 if the index swung 100 pts in any direction.

BANK NIFTY

Current: 14120 (fut: 14210)
Target: NA
Stop loss short positions at 14320. Stop long positions at 14100. Big moves could go till 14450, 13950. Strong resistances at 14275-14300.

BPCL

Current price: Rs 781
Target price: Rs 765
Keep a stop at 790 and go short. Add to the position between 770-774. Book profits at 765.

BHEL

Current price: Rs 106
Target price: Rs 108.5
Keep a stop at 105 and go long. Add to the position between 107.5-108. Book profits at 108.5.

CIPLA

Current price: Rs 519
Target price: Rs 527
Keep a stop at 514 and go long. Add to the position between 523-525. Book profits at 527.

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