Today's picks- 21 April 2015

Nifty, Bank Nifty, HCL Tech, Tata Motors & Idea

NIFTY
Current: 8,377 (fut: 8,424)
Target: NA
Stop-loss long positions at 8,345. Stop- short positions at 8,505. A long 8,300p (47), short 8,200p (27) could double if the downtrend tests support at 8,350.  

BANK NIFTY
Current: 18,192 (futures: 18,220)
Target: 17,950 (futures: 18,000)
Keep a stop at 18,325 and short. Add to the position between 18,050 and 18,075. Book profits at 18,000.

HCL TECH
Current price: Rs 890
Target price: Rs 872
Keep a stop at Rs 900 and short. Add to the position between Rs 875 and Rs 880. Book profits at Rs 872.

TATA MOTORS
Current price: Rs 527
Target price: Rs 515
Keep a stop at Rs 532 and go short. Add to the position between Rs 520 and Rs 523. Book profits at Rs 516.

IDEA
Current price: Rs 185
Target price: Rs 182
Keep a stop at Rs 187 and short. Add to the position between Rs 183 and Rs 184. Book profits at Rs 182.

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