Today's picks: November 16, 2017

Nifty, Bank Nifty, Hindalco, Bajaj Finance, Asian Paints

Nifty 

Current: 10,118 (fut: 10,133), Target: NA

Stop-long positions at 10,060. Stop-short positions at 10,200. Big moves could go till 10,250, 10,000. A long 10,100p (70) short 10,000p (44) could gain 15-20 If the index drops till 10,050.

Bank Nifty 

Current: 25,219 (fut: 25,327) Target: NA

Stop-long positions at 25,200. Stop-short positions at 25,450.  Big moves could go till 25,000, 25,650. Bearish bias. A long November 25,200p (58), short 25,100p (32) could have a big payoff if the index falls today.

Hindalco

Current price: Rs 252 Target price: Rs 247 

Keep a stop at Rs 255 and go short. Add to the position between Rs 248 and Rs 249. Book profits at Rs 247.

Bajaj Finance 

Current price: Rs 1,713 Target price: Rs 1,680

Keep a stop at Rs 1,730 and go short. Add to the position between Rs 1,690 and Rs 1,700. Book profits at Rs 1,680.

Asian Paints  

Current price: Rs 1,181 Target price: Rs 1,200

Keep a stop at Rs 1,170 and go long. Add to the position between Rs 1,193 and Rs 1,197. Book profits at Rs 1,200. 

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