Today's picks: 13 April, 2017

Nifty, Bank, Tata Steel, Sun Pharma, Hindalco

Nifty 

Current: 9,203  (fut: 9,226), Target: NA

Stop-long positions at 9,150. 

Stop-short positions at 9,300. Big moves could go till 9,350, 9,100. A long 9,100p (37), long 9,300c (42) could gain 15-20 if the index swings by 100 points.

Bank Nifty 

Current: 21,666 (fut: 21,715)

Target: NA

Stop-long positions at 21,600. Stop-short positions at 21,825. Big moves could go till 21,400, 22,050. The financial index could have a downside bias in the short term.

Tata Steel 

Current price: Rs 477 

Target price: Rs 470 

Keep a stop at Rs 482 and go short. Add to the position between Rs 471 and Rs 473. Book profits at Rs 470.

Sun Pharma 

Current price: Rs 683

Target price: Rs 695

Keep a stop at Rs 677 and go long. Add to the position Rs 689 and Rs 694. Book profits at Rs 695.

Hindalco  

Current price: Rs 193 

Target price: Rs 189 

Keep a stop at Rs 195 and go 

short. Add to the position between Rs 190 and Rs 191. Book profits at Rs 189.

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