<b>Today's picks:</b> 8 February, 2017

Nifty, Bank Nifty, Maruti Suzuki, BPCL, Tata Motors

Nifty
Current: 8,768   (fut: 8,790)
Target: NA
Stop-long positions at 8,725.
Stop-short positions at 8,855. Big moves could go till 8,900, 8,675. A long 8,900c, (41), short 9,000c (19) could gain 10-15 if the futures breaks 8,850. Volatility may rise.

Bank Nifty
Current: 20,327   (futures: 20,375)
Target: NA 
Stop-long positions at 20,275. Stop-short positions at 20,475.
Big moves could go till 20,750, 20,000. High volatility likely due to RBI meet.

Maruti Suzuki           
Current price: Rs 6,201 
Target price: Rs 6,135
Keep a stop at Rs 6,230 and go short. Add  to the position between Rs 6,150 and Rs 6,165. Book profits at Rs 6,135.
 
BPCL
Current: Rs 717  
Target: Rs 730
Keep a stop at Rs 710 and go long. Add to the position between Rs 725 and Rs 728. Book profits
at Rs 730.
 
Tata Motors        
Current: Rs 507
Target: Rs 495
Keep a stop at Rs 513 and go short. Add to the position between Rs 497 and Rs 500. Book profits
at Rs 495.

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