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Today's picks- 2 December 2014

Nifty, Bank Nifty, BPCL, HCL Tech & Hindalco

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Devangshu Datta
Last Updated : Dec 02 2014 | 11:34 PM IST
NIFTY
Current: 8,524 (futures: 8,575)
Stop-loss short positions at 8,625. Stop-loss long positions at 8,525. A long 8,500p (61) and short 8,400p (34) could gain 10-15 if the futures falls below 8,475.

BANK NIFTY
Current: 18555.85 (futures: 18,650.10)
Target: 18,350 (futures: 18,450)
Keep a stop at 18,725 and go short. Add to the position between 18,500 and 18,525. Book profits at 18,450.

BPCL
Current: Rs 713
Target: Rs 725
Keep a stop at Rs 705 and go long. Add to the position between Rs 720 and Rs 722. Book profits at Rs 725

HCL TECH
Current: Rs 1,641
Target: Rs 1,670
Keep a stop at Rs 1,625 and go long. Add to the position between Rs 1,660 and Rs 1,665. Book profits at Rs 1,670.

HINDALCO
Current: Rs 171
Target: Rs 166
Keep a stop at Rs 173 and go short. Add to the position between Rs 167 and Rs 168. Book profits at Rs 166.
Target prices, projected movements in terms of next session, unless otherwise stated

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First Published: Dec 02 2014 | 10:30 PM IST

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