Today's picks- 11 June 2015

Nifty, Bank Nifty, Tata Motors, Idea Cellular & Ultratech Cement

NIFTY
Current: 7,965 (futures: 7,960)
Target: NA
Stop loss short positions at 8,035. Stop loss long positions at 7,890. A long 7,900p (85), short 7,800p (55) could gain 15-20 if the futures test support at 7,875.

BANK NIFTY
Current: 17,304 (futures: 17,240)
Target: 17,050 (futures: 17,000)
Keep a stop at 17,350 and go short. Add to the position between 17,050-17,100. Book profits at 17,000.

TATA MOTORS
Current: Rs 430
Target: Rs 422
Keep a stop at 436 and go short. Add to the position between 424-426. Book profits at 422.

IDEA CELLULAR
Current: Rs 167.5
Target: Rs 165
Keep a stop at 169 and go short. Add to the position between 165.5-16. Book profits at 165.

ULTRATECH CEMENT
Current: Rs 2,702
Target: Rs 2,650
Keep a stop at 2,730 and go short. Add to the position between 2,660-2,665. Book profits at 2,650.

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