Today's picks- 22 April 2015

Nifty, Bank Nifty, Maruti Suzuki, Tata Steel & Hindustan Unilever

NIFTY
Current: 8430 (fut: 8468)
Target: NA
Stop-loss long positions at 8,390. Stop-short positions at 8,555. A long 8,300p (32), short 8,200p (17) could double if the downtrend tests support at 8,350 once again.

BANK NIFTY
Current: 18,244 (futures: 18,319)
Target: 17,950 (futures: 18,000)
Keep a stop at 18,425 and go short. Add to the position between 18,050 and 18,075. Book profits at 18,000.

MARUTI SUZUKI
Current price: Rs 3,463  
Target price: Rs 3,525
Keep a stop at Rs 3,440 and go long. Add to the position between Rs 3,500 and Rs 3,510. Book profits at Rs 3,525.

TATA STEEL
Current price: Rs 354
Target price: Rs 345
Keep a stop at Rs 358 and go short. Add to the position between Rs 348 and Rs 349. Book profits at Rs 345.

HINDUSTAN UNILEVER
Current price: Rs 907
Target price: Rs 920
Keep a stop at Rs 895 and go long. Add to the position between Rs 915 and Rs 918. Book profits at Rs 920.

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