Today's picks- 28 July 2015

Nifty, Bank Nifty, Tata Motors, ACC & Zee Entertainment

NIFTY
Current: 8,337 (futures: 8,351
Target: NA
Stop-loss short positions at 8,410. Stop-loss long positions at 8,290. A strangle of long 8,400c (25), long 8,300p (20) has just two sessions to expiry but it could gain handsomely on a big session.

BANK NIFTY
Current: 18,283 (futures: 18,314)
Target: NA
Stop-loss short positions at 18,410. Stop-long positions at 18,220. A big move could go till 18,125 or 18,450. The index seems more likely to trend down but a lot depends on news flow from the US FOMC policy meeting.

TATA MOTORS
Current: Rs 370
Target: Rs 365
Keep a stop at Rs 373 and go short. Add to the position between Rs 366 and Rs 367. Book profits at Rs 365.

ACC
Current: Rs 1,359
Target: Rs 1,340
Keep a stop at Rs 1,375 and go short. Add to the position between Rs 1,342 and Rs 1,345. Book profits at Rs 1,340.

ZEE ENTERTAINMENT
Current: Rs 392  
Target: Rs 402
Keep a stop at Rs 389 and go long. Add to the position between Rs 397 and Rs 400. Book profits at Rs 402.

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