Today's picks: 12 February 2015

Nifty, Bank Nifty, Zee Entertainment, Larsen & Toubro & Coal India

NIFTY
Current: 8,712 (fut: 8,769),
Target: NA
There's resistance at 8,850. Stop-loss long positions at 8,675. Stop-shorts at 8,850. A long 8,900c (34), short 9,000c (20) costs 14 and it could double on a move that tests resistance at 8,850.

BANK NIFTY
Current: 19,129 (fut: 19,256)
Target: 19,350 (fut: 19,450)
Keep a stop at 19,100 and go long. Add to the position between 19,400 and 19,425. Book profits at 19,450.

ZEE ENTERTAINMENT
Current price: Rs 361
Target price: Rs 366
Keep a stop at Rs 357 and go long. Add to the position between Rs 364 and Rs 365. book profits at Rs 366.

LARSEN & TOUBRO
Current price: Rs 1,650
Target price: Rs 1,620
Keep a stop at Rs 1,665 and go short. Add to the position between Rs 1,630 and Rs 1,635. Book profits at Rs 1,620.

COAL INDIA
Current price: Rs 369
Target price: Rs 364
Keep a stop at Rs 372 and go short. Add to the position between Rs 365 and Rs 366. Book profits at Rs 364.

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