Today's picks: 19 May 2015

Nifty, Bank Nifty, Infosys, Cairn India & Coal India

NIFTY
Current: 8,365 (fut: 8,359)
Target: NA
Stop-loss short positions at 8,435. Stop- long positions at 8,285. A long 8,200p (42), short 8,100p (26) could double if the index falls till 8,250.

BANK NIFTY
Current: 18,380  (futures: 18,350)
Target: 18,175  
Keep a stop at 18,450 and short. Add to the position between 18,225 and 18,250. book profits at 18,175.

INFOSYS
Current price: Rs 2,022  
Target price: Rs 2,060
Keep a stop at Rs 2,000 and go long. Add to the position between Rs 2,040 and Rs 2,050. Book profits at Rs 2,060.

CAIRN INDIA
Current price: Rs 201
Target price: Rs 196
Keep a stop at Rs 203 and short. Add to the position between Rs 197 and Rs 198. Book profits at Rs 196.

COAL INDIA
Current price: Rs 364
Target price: Rs 360
Keep a stop at Rs 367 and go short. Add to the position between Rs 361 and Rs 362. Book profits at Rs 360.

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