Today's picks- 4 May 2015

Nifty, Bank Nifty, Hindalco , TCS & ONGC

NIFTY
Current: 8,332 (fut: 8,381)
Target: NA
Stop-short positions at 8,450. Stop-long positions at 8,300. A long 8,500c (86), short 8,600c (54) could gain 10-15 if the market moves above 8,450.

BANK NIFTY
Current: 18,508 (futures: 18,607)
Target: 18,700 (futures: 18,800)
Keep a stop at 18,500 and go long. Add to the position between 18,750 and 18,775.  Book profits at 18,800.

HINDALCO
Current price: Rs 133
Target price: Rs 136
Keep a stop at Rs 131 and go long Add to the position between Rs 134 and Rs 135. Book profits at 136.

TCS
Current price: Rs 2,481
Target price: Rs 2,505
Keep a stop at Rs 2,465 and go long. Add to the position between Rs 2,495 and Rs 2,500. Book profits at Rs 2,505.

ONGC
Current price: Rs 328
Target price: Rs 320
Keep a stop at Rs 331 and short. Add to the position between Rs 321 and Rs 323. Book profits at Rs 320.

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