Today's picks

Nifty, Coal India, Reliance Capital & Bank Nifty

NIFTY
Current: 5,228 (March futures: 5,226);
Target: NA
The market is likely to test support between 5,175 and looks bearish. Another big losing session could force it down till 5,100. A rebound could take it till 5,325. Stop-loss shorts at 5,300 and stop-loss long positions at 5,150. The prior recommendation of long 5,500c (6) and long 5,300p (115) is massively in profit. Book partial profits if either 5,175, or 5,300 is hit.

COAL INDIA
Current price: Rs 339
Target price: Rs 355
The stock is likely to test resistance between Rs 340 and Rs 345. If it clears Rs 345, it could run till Rs 355. Keep a stop at Rs 334 and go long. Add to the position between Rs 345 and Rs 348. Book profits beyond Rs 355. If it drops below Rs 334, it could fall till Rs 325.

RELIANCE CAPITAL
Current price: Rs 391
Target price: Rs 370
The stock could slide till the Rs 365-370 levels before finding support. Keep a stop at Rs 400 and go short. Add to the position between Rs 380 and Rs 383. Book profits around Rs 370. If it breaks out past Rs 400, it could rise till Rs 412.

BANK NIFTY
Current: 10,173 (March futures: 10,171)
Target: 10,000
The financial index is likely to test support in the zone of 9,950-10,025. Keep a stop at 10,250 and short. Add to the position between 10,100 and 10,125. Book profits below 10,000. A rise beyond 10,275 could push the index back till 10,400.

The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated