Today's picks- 30 March 2015

Nifty, Bank Nifty, Idea Cellular, Cairn India & Larsen & Toubro

NIFTY
Current: 8,492 (fut: 8,570)
Target: NA
Stop-long positions at 8,490. Stop-short positions at 8,655. A long 8,700c (73), short 8,800c (43) will gain 15-20 if the futures tests the 8,650 resistance.

BANK NIFTY
Current: 18,362 (futures: 18,542)
Target: 18,575 (futures: 18,750)
Keep a stop at 18,425 and go long. Add to the position between 18,675 and 18,700. Book profits at 18,750.

IDEA CELLULAR
Current price: Rs 183
Target price: Rs 188
Keep a stop at Rs 181 and go long. Add to the position between Rs 186 and Rs 187. Book profits at Rs 188.

CAIRN INDIA
Current price: Rs 212
Target price: Rs 207
Keep a stop at Rs 215 and short. Add to the position between Rs 208 and Rs 209. Book profits at Rs 207.

LARSEN & TOUBRO
Current price: Rs 1,728
Target price: Rs 1,700
Keep a stop at Rs 1,745 and short. Add to the position between Rs 1,705 and Rs 1,710. Book profits at Rs 1,700.

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