Today's Picks: December 13, 2016

Nifty, Bank Nifty, BPCL, HCL Tech, Asian Paints

Nifty

Current: 8171 (fut: 8183) Target: NA

Stop-loss long positions at 8,120. 

Stop-loss short positions at 8,255. Big moves could go till 8,050, 8,300. A long 8,100p (72), short 8,000p (48) could gain 10-15 if 8,100 is hit.

Bank Nifty

Current: 18,393   (futures: 18,425) 

Target: NA  

Stop-loss short positions at 18,530. 

Stop long positions at 18,320. Big moves could go till 18,075, 18,775. Downtrend likely to continue. 

BPCL

Current price: Rs 612 

Target price: Rs 600

Keep a stop at Rs 618 and go short. Add to the position between Rs 603 and Rs 606. Book profits at Rs 600.

HCL Tech

Current: Rs 800   

Target: Rs 787

Keep a stop at Rs 808 and go short. Add 

to the position between Rs 790 and Rs 792. Book profits at Rs 787. 

Asian Paints

Current: Rs 910

Target: Rs 890

Keep a stop at Rs 920 and go short. Add to the position between Rs 895 and Rs 900. Book profits at Rs 890.  Target prices, projected movements in terms of next session, unless otherwise stated