Today's Picks: 26 October, 2017

Nifty, Bank Nifty, State Bank of India, Larsen & Toubro & Bajaj Finance

Nifty 

Current: 10,295 (fut: 10,290), Target: NA

Stop-short positions at 10,350. Stop-long positions at 10,225. 

Big moves could go till 10,175, 10,400. 

The on-the-money straddle of 10,300c (24), 10,300p (32) has breakevens at 10,355, 10,245 

So the market expectation is for a tightly ranged settlement session.

Bank Nifty 

Current: 25,035 (fut: 24,992)

Target: NA

Stop-short positions at 25,100.

Stop-long positions at 24,900. 

Big moves could go till 24,800, 25,200. 

There could be some profit booking in PSUs but short-covering 

in high-weighted private banks might balance that.

State Bank of India 

Current price: Rs 325

Target price: Rs 315 

Keep a