Today's picks- 18 March 2016

Nifty, Bank Nifty, BPCL, Bharti Airtel & Wipro

Nifty
Current: 7,512 (futures: 7,492)
Target: NA

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Stop-long positions at 7,430. Stop-short positions at 7,570. Big moves could go till 7,625, 7,375. A long 7400p (54), long 7,300 (30) could gain 10-15 if the index hits 7,400.

Bank Nifty
Current: 15,444 (fut: 15,362)
Target: NA
Stop-loss short positions at 15,450. Stop-long positions at 15,250. Big moves could go till 15,700, 15,000. Profit booking could test support at 15,250-15,275.

BPCL
Current price: Rs 865
Target price: Rs 880
Keep a stop at Rs 855 and go long. Add to the position between Rs 873 and Rs 876. Book profits at Rs 880.

Bharti Airtel
Current price: Rs 141
Target price: Rs 137
Keep a stop at Rs 143 and go short. Add to the position between Rs 138 and Rs 139. Book profits at Rs 137.

Wipro
Current price: Rs 540
Target price: Rs 530
Keep a stop at Rs 545 and go short. Add to the position between Rs 532 and Rs 534. Book profits at Rs 530.

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