TODAY’S PICKS DEVANGSHU DATTA

Bank Nifty

Current: 26,090 (fut: 26,032)

Target: NA

Stop-long positions at 25,900. Stop-short positions at 26,150. Big moves could go till 26,350, 25,675. Profit booking could reverse the uptrend.

BPCL

Current price: ~393

Target price: ~387

Keep a stop at ~397 and go short. Add to the position between ~388 and ~390. Book profits at ~387.

Nifty

Current: 10,717 (fut: 10,735), Target: NA Stop-long positions at 10,650. Stop-short positions at 10,810. Big moves could go till 10,875, 10,600. A short 10,600p (91), short 10,800c (103) offset by long 10,500p (66), long 10,900c (63) pays 65, with breakevens at 10535, 10865. It has a maximum loss of 35.

Larsen & Toubro

Current price: ~1,365

Target price: ~1,340

Keep a stop at ~1,375 and go short. Add to the position between ~1,345 and 1,350. Book profits at ~1,340.

Wipro

Current price: ~273

Target price: ~278

Keep a stop at ~270 and go long. Add to the position between ~276 and ~277. Book profits at ~278. Target prices, projected movements in terms of next session, unless otherwise stated