Today's picks- 11 September 2015

Nifty, Bank Nifty, PowerGrid, Tata Motors & Wipro

NIFTY
Current: 7,788 (futures: 7,846)
Target: NA
Stop-loss long positions at 7,745. Stop-short positions at 7,910. Big moves could go till 7,700, 7,975. Market closed strong. A long 8,000c (81), short 8,100c (51) bullspread costs 30. It could gain 10-15 if the futures crosses 7,900.

BANK NIFTY
Current: 16,598 (fut: 16,630)
Target: NA
Stop-loss long positions at 16,600. Stop-short positions at 16,850. Big moves could go till 17,050, 16,350. High volatility likely. Bullish undertone at close.

POWERGRID
Current price: Rs 123 
Target price: Rs 126
Keep a stop at Rs 122 and go long. Add to the position between Rs 125 and Rs 125.5. Book profits at Rs 126.

TATA MOTORS
Current price: Rs 354
Target price: Rs 360
Keep a stop at Rs 350 and go long. Add to the position between Rs 357 and Rs 358. Book profits at Rs 360.

WIPRO
Current price: Rs 552
Target price: Rs 565
Keep a stop at Rs 549 and go long. Add to the position between Rs 557 and Rs 558. Book profits at Rs 565.

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