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Today's picks: 2 January, 2018

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

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Devangshu Datta
Nifty       
Current: 10,435 (fut: 10,490) Target: NA
Stop-long positions at 10,400. Stop-short positions at 10,575. Big moves could go till 10,600, 10,375. A long 10,400p (95), short 10,300p (65) could gain 15-20 if the index falls below 10,375.

Bank Nifty       
Current: 25,318   (futures: 25,427
Target: NA  
Stop-long positions at 25m300. 
Stop-short positions at 25550. Big moves could go till 25,750, 25,075. The trend is bearish.

Tata Steel           
Current price: Rs 722
Target price: Rs 710
Keep a stop at Rs 730 and go short. Add to the position between Rs 712 and Rs 715. Book profits at Rs 710

BPCL