Today's picks

Nifty, Bank Nifty, IDFC, BHEL & Tata Motors

NIFTY
Current: 6,537 (fut: 6,566);
Target: NA
Stop-loss shorts at 6,625. Stop-loss long positions at 6,490. Breakouts or breakdowns could go till 6,450 or 6,650. A strangle of long 6,400p(34) and long 6,700c (33) could gain 15-20 if the market swings more than 75 points. (All futures prices above)

BANK NIFTY
Current: 12,108 (fut: 12,156);
Target: 12,275 (fut: 12,325)
Keep a stop at 12,025 and go long. Add to the position between 12,200 and 12,250. Book profits above 12,325. (All futures prices above)

IDFC
Current price: Rs 112;
Target price: Rs 117
Keep a stop at Rs 109 and go long. Add to the position between Rs 114 and Rs 116. Book profits above Rs 117.

BHEL
Current price: Rs 189;
Target price: Rs 196
Keep a stop at Rs 185 and go long. Add to the position between Rs 192 and Rs 194. Book profits above Rs 196.

TATA MOTORS
Current price: Rs 396;
Target price: Rs 387
Keep a stop at Rs 403 and go short. Add to the position between Rs 390 and Rs 393. Book profits below Rs 387.

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