Today's Picks: December 13, 2016

Nifty, Bank Nifty, BPCL, HCL Tech, Asian Paints

Nifty

Current: 8171 (fut: 8183) Target: NA

Stop-loss long positions at 8,120. 

Stop-loss short positions at 8,255. Big moves could go till 8,050, 8,300. A long 8,100p (72), short 8,000p (48) could gain 10-15 if 8,100 is hit.

Bank Nifty

Current: 18,393   (futures: 18,425) 

Target: NA  

Stop-loss short positions at 18,530. 

Stop long positions at 18,320. Big moves could go till 18,075, 18,775. Downtrend likely to continue. 

BPCL

Current price: Rs 612 

Target price: Rs 600

Keep a stop at Rs 618 and go short. Add to the position between Rs 603 and Rs 606. Book profits at Rs 600.

HCL Tech

Current: Rs 800   

 

Target: Rs 787

Keep a stop at Rs 808 and go short. Add 

to the position between Rs 790 and Rs 792. Book profits at Rs 787. 

Asian Paints

Current: Rs 910

Target: Rs 890

Keep a stop at Rs 920 and go short. Add to the position between Rs 895 and Rs 900. Book profits at Rs 890. 

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