Today's picks- 13 May 2015

Nifty, Bank Nifty, Hindalco, BHEL & IDFC

NIFTY
Current: 8,235 (fut: 8,257),
Target: NA
Stop-loss shorts at 8,325. Stop-long positions at 8,175. Maybe an upside bias. A long 8,400c (75), short 8,500c (46) could gain 10-15 if 8,400 is struck.

BANK NIFTY
Current: 18,097 (fut: 18,129)
Target: 18,250 (fut: 18,300)
Stop-loss at 18,000 and go long. Add to the position between 18,225 and 18,250. Book profits at 18,300.

HINDALCO
Current price: Rs 133.5
Target price: Rs 130
Keep a stop at Rs 135 and go short. Add to the position between Rs 131 and Rs 132. Book profits at Rs 130.

BHEL
Current price: Rs 228 
Target price: Rs 232
Keep a stop at Rs 226 and go long. Add to the position between Rs 230 and Rs 231. Book profits at Rs 232.  

IDFC
Current price: Rs 158
Target price: Rs 162
Keep a stop at Rs 156 and go long, Add to the position between Rs 160 and Rs 161. Book profits at Rs 162.

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