Today's picks

Nifty, Bank Nifty, HDFC, GAIL & HCL Tech

NIFTY
Current: 7,684 (fut: 7,682)
Target: NA
Stop-loss shorts at 7,755. Stop long positions at 7,625. Big moves could go till 7,800 or 7,575. A long 7,600p (36) and short 7,500p (19) could gain 15-20 if 7,600 is hit. (All futures prices)

BANK NIFTY
Current: 15,396 (futures: 15,410)
Target: 15,225 (futures: 15,250)
Keep a stop at 15,475 and short. Add to the position between 15,300 and 15,325. Book profits at 15,250. (All futures prices)

HDFC
Current: Rs 1,010
Target: Rs 1,030
Keep a stop at Rs 995 and go long. Add to the position between Rs 1,020 and Rs 1,025. Book profits at Rs 1,030.

GAIL
Current: Rs 438
Target: Rs 430
Keep a stop at Rs 443 and short. Add to the position between Rs 432 and Rs 434. Book profits at Rs 430.

HCL TECH
Current: Rs 1,508
Target: Rs 1,540
Keep a stop at Rs 1,494 and go long. Add to the position between Rs 1,520 and Rs 1,530. Book profits at Rs 1,540.

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