Today's picks- 22 June 2015

Nifty, Bank Nifty, BHEL, Infosys & Tata Power

NIFTY
Current: 8,353 (fut: 8,353),
Target: NA
Stop-loss short positions at 8,425. Stop-long positions at 8,275. A long 8,400c (30), short 8,500c (7) costs 23 and it could gain 15-20 if the futures moves above 8,425.

BANK NIFTY
Current: 18,335 (fut: 18,321)
Target: 18,525 (fut: 18,500)
Keep a stop at 18,220 and go long. Add to the position between 18,450 and 18,475. Book profits at 18,500. A fall below 18,175 could mean a drop till 18,100

BHEL
Current price: Rs 247
Target price: Rs 252
Keep a stop at Rs 244 and go long. Add to the position between Rs 249 and Rs 250. Book profits at Rs 252.

INFOSYS
Current price: Rs 1,024
Target price: Rs 1,045
Keep a stop at Rs 1,010 and go long. Add to the position between Rs 1,035 and Rs 1,040. Book profits at Rs 1,045.

TATA POWER
Current price: Rs 74.5
Target price: Rs 76.5
Keep a stop at Rs 73.5 and go long. Add to the position between Rs 75 and Rs 76. Book profits at Rs 76.5.

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