Today's picks- 22 December 2014

Nifty, Bank Nifty, Jindal Steel, ITC & Tata Motors

NIFTY
Current: 8,324 (futures: 8,341)
Stop long positions at 8,275. Stop shorts at 8,400. Big moves could go till 8,450 or 8,200. A long 8,400c (10) and long 8,300p (15) could gain if there's one big session before expiry

BANK NIFTY
Current: 18,747 (futures: 18,807.3)
Target: 18,575 (futures: 18,625)
Keep a stop at 18,900 and short. Add to the position between 18,650 and 18,675. Book profits at 18,625.  

JINDAL STEEL
Current: Rs 146
Target: Rs 142
Keep a stop at Rs 148 and short. Add to the position between Rs 143 and Rs 144. Book profits at Rs 142.  

ITC
Current: Rs 374
Target: Rs 380
Keep a stop at Rs 371 and go long. Add to the position between Rs 376 and Rs 378. Book profits at Rs 380.

TATA MOTORS
Current: Rs 495
Target: Rs 503
Keep a stop at Rs 488 and go long. Add to the position between Rs 499 and Rs 501. Book profits at Rs 503.

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