Today's picks: 2 January, 2018

Nifty, Bank Nifty, Tata Steel, BPCL, HCL Tech

Nifty       

Current: 10,435 (fut: 10,490) Target: NA

Stop-long positions at 10,400. Stop-short positions at 10,575. Big moves could go till 10,600, 10,375. A long 10,400p (95), short 10,300p (65) could gain 15-20 if the index falls below 10,375.

Bank Nifty       

Current: 25,318   (futures: 25,427) 

Target: NA  

Stop-long positions at 25m300. 

Stop-short positions at 25550. Big moves could go till 25,750, 25,075. The trend is bearish.

Tata Steel           

Current price: Rs 722

Target price: Rs 710

Keep a stop at Rs 730 and go short. Add to the position between Rs 712 and Rs 715. Book profits at Rs 710

BPCL      

Current price: Rs 509  

Target price: Rs 500

Keep a stop at Rs 514 and go short. Add to the position between Rs 502 and Rs 504. Book profits at Rs 500.

HCL Tech          

Current price: Rs 879   

Target price: Rs 892

Keep a stop at Rs 870 and go long. Add to the position between Rs 887 and Rs 890. Book profits at Rs 892.

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