Today's picks: 28 May 2015

Nifty, Bank Nifty, BPCL, Tata Power & Cairn India

NIFTY
Current: 8,319 (fut: 8,320)
Target: NA
Stop-loss short positions at 8,405. Stop-long positions at 8,240. A long 8,200p (105), short 8,100p (75) could gain 10-15 if the market falls below 8,250.

BANK NIFTY
Current: 18,449 (futures: 18,514)
Target: 18,600 (futures: 18,700)
Keep a stop at 18,400 and go long. Add to the position between 18,650 and 18,675. Book profits at 18,700.

BPCL
Current price: Rs 818  
Target price: Rs 830
Keep a stop at Rs 809 and go long. Add to the position between Rs 825 and Rs 828. Book profits at Rs 830.

TATA POWER
Current price: Rs 74
Target price: Rs 71.5
Keep a stop at Rs 75 and go short. Add to the position between Rs 72 and Rs 73. Book profits at Rs 71.5.

CAIRN INDIA
Current price: Rs 191
Target price: Rs 187
Keep a stop at Rs 193 and go short. Add to the position between Rs 189 and Rs 190. Book profits at Rs 187.

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