Today's picks- 18 March 2015

Nifty, Bank Nifty, ONGC, Tata Motors & Coal India

NIFTY
Current: 8,686 (fut: 8,699)
Target: NA
Stop-loss shorts at 8,775. Stop-loss long positions at 8,625. The index futures could jump till 8,850 if the US Fed takes a dovish stance. A long 8,800c (46), short 8,900c (22) could gain 15-20 if the futures hits 8,800.

BANK NIFTY
Current: 19,147 (futures: 19,210)
Target: 19,300 (futures: 19,400)
Keep a stop at 19,100 and go long. Add to the position between 19,350 and 19,375. Book profits at 19,400.

ONGC
Current price: Rs 309
Target price: Rs 305
Keep a stop at Rs 312 and short. Add to the position between Rs 306 and Rs 307. Book profits at Rs 305.

TATA MOTORS
Current price: Rs 560
Target price: Rs 570
Keep a stop at Rs 555 and go long. Add to the position between Rs 565 and Rs 567. Book profits at Rs 570.

COAL INDIA
Current price: Rs 364
Target price: Rs 370
Keep a stop at Rs 361 and go long. Add to the position between Rs 367 and Rs 368. Book profits at Rs 370.

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