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Today's Picks: January 12, 2017

Nifty, Bank Nifty, Tata Steel, Bajaj Auto, Hindalco

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Devangshu Datta
Nifty 

Current: 8,380  (fut: 8,385), Target: NA
Stop loss long positions at 8,325. Stop short positions at 8,450. Big moves could go till 8,600, 8,350. A long 8,400c (70), short (30) could gain 15-20 if the futures hits 8,450.

Bank Nifty 

Current: 18,830 (fut:18,829), Target: NA
Stop long positions at 18,700. Stop short positions at 18,950. Big moves could go till 18,500, 19,150. Trend seems bullish.

Tata Steel

Current price: Rs 451, Target price: Rs 458 
Keep a stop at Rs 446 and go long. Add to the position between Rs 455 and Rs 457. Book profits at Rs 458.

Bajaj Auto