Today's picks: 21 September 2017

Nifty, Bank Nifty, ITC, Ambuja Cements, BPCL

Nifty       

Current: 10,141  (fut: 10,169) Target: NA

Stop-long positions at 10,100. Stop-short positions at 10,225. Big moves could go till 10,300, 10,025, and the Fed's meet could park off a big session. A long 10,300c (14), long 10,000p (18) could gain in that case. Alternatively sell that wide strangle if you think the Nifty will not move 1 per cent before September 28.    

Bank Nifty       

Current: 24,965   (fut: 25,010)  

Target: NA

Stop-long positions at 24,900. 

Stop-short positions at 25,120. Big 

moves could go till 24,700, 25,325. Trend looks slightly bearish.  

ITC             

Current price: Rs 271.5 

Target price: Rs 276

Keep a stop at Rs 269.5 and go long. Add 

to the position between Rs 274 and Rs 275. Book profits at Rs 276. 

Ambuja Cements 

Current price: Rs 280

Target price: Rs 276

Keep a stop at Rs282 and go short. Add to the position between Rs 277 and Rs 278. Book profits at Rs 276.

BPCL           

Current price: Rs 494 

Target price: Rs 484

Keep a stop at Rs499 and go short. Add to the position between Rs486 and Rs488. Book profits at Rs484.