Today's picks

Nifty, Tata Steel, Hindalco, YES Bank & HPCL

NIFTY
Current: 6,059 (fut: 6,067);
Target: NA
Stop-loss long positions at 6,000 and stop-loss short positions at 6,135. Breakouts beyond those points could go till 5,975 or till 6,175. A long 6,000p (14) and a long 6,100c (21) could double if either end is struck and there's a chance of profits both-ways.

TATA STEEL
Current price: Rs 391.5;
Target price: Rs 380
Keep a stop at Rs 397 and short. Add to the position between Rs 385 and Rs 389. Book profits below Rs 380.

HINDALCO
Current price: Rs 118.5;
Target price: Rs 125
Keep a stop at Rs 117 and go long. Add to the position between Rs 120 and Rs 121. Book profits above Rs 125.

YES BANK
Current price: Rs 362;
Target price: Rs 373
Keep a stop at Rs 356 and go long. Add to the position between Rs 366 and Rs 369. Book profits above Rs 373.

HPCL
Current price: Rs 204;
Target price: Rs 194
Keep a stop at Rs 210 and short. Add to the position between Rs 197 and Rs 201. Book profits below Rs 194.

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