Today's picks: 3 November 2016

Nifty, Bank Nifty, Tata Motors, BPCL & Adani Ports

Nifty
Current: 8,514 (fut: 8,549),
Target: NA

Stop-loss short positions at 8,620. Stop-long positions at 8,470. Big moves could go till 8,675, 8,425. A long 8,400p (80), short 8,300c (56) could gain 15-20 if the futures falls below 8,470.

Bank Nifty
Current: 19,228 (fut: 19,322)
Target: NA

Stop-loss long positions at 19,200. Stop-short positions at 19,450. Big moves could go till 19,000, 19,650. Trend may stay depressed.

Tata Motors
Current price: Rs 513
Target price: Rs 500

Keep a stop at Rs 519 and go short. Add to the position between Rs 503 and Rs 505. Book profits at Rs 500.

BPCL
Current price: Rs 660
Target price: Rs 670

Keep a stop at Rs 655 and go long. Add to the position between Rs 665 and Rs 668. Book profits at Rs 670.

Adani Ports
Current price: Rs 302
Target price: Rs 296

Keep a stop at Rs 305 and go short. Add to the position between Rs 297 and Rs 298. Book profits at Rs 296.
Target prices, projected movements in terms of next session, unless otherwise stated