Today's picks- 12 March 2015

Nifty, Bank Nifty, Cairn, Bajaj Auto & NTPC

NIFTY
Current: 8,776 (fut: 8,808)
Target: NA
Stop-loss long positions at 8,725. Stop-shorts at 8,880. A long 8,900c (58), short 9,000c (30) could gain 15-20 if the futures crosses 8,900.

BANK NIFTY
Current: 19,141 (futures: 19,258)
Target: 19,300 (futures: 19,400)
Keep a stop at 19,150 and go long. Add to the position between 19,350 and 19,375. Book profits at 19,400.

CAIRN
Current: Rs 234
Target: Rs 228
Keep a stop at Rs 237 and go short. Add to the position between Rs 229 and Rs 230. Book profits at Rs 228

BAJAJ AUTO
Current: Rs 2,073
Target: Rs 2,035
Keep a stop at Rs 2,100 and short. Add to the position between Rs 2,045 and Rs 2,055. Book profits at Rs 2,035.

NTPC
Current: Rs 160
Target: Rs 164
Keep a stop at Rs 158 and go long. Add to the position between Rs 163 and Rs 164. Book profits at Rs 164.

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