Today's picks: 7 November, 2017

Nifty, Bank Nifty, Wipro, HPCL, NTPC

Nifty       

Current: 10,451  (fut: 10,479) Target: NA

Stop-long positions at 10,400. Stop-short positions at 10,525. Big moves could go till 10,350, 10,600. A long 10,300c (64), short 10,200p (47) could gain 15-20 if the index falls below 10,375.

Bank Nifty       

Current: 25,571  (futures: 25,587) 

Target: NA

Stop-long positions at 25,475. 

Stop-short positions at 25,600. Big moves could go till 25,900, 25,300. 

Bias is slightly bearish.  

HPCL           

Current price: Rs 434  

Target price: Rs 427

Keep a stop at Rs 439 and go short. Add to the position between Rs 428 and Rs 429. Book profits at Rs 427. 

Wipro   

Current