Today's picks- 5 January 2015

Nifty, Bank Nifty, Maruti Suzuki, DLF & Hindalco

NIFTY
Current: 8,378 (fut: 8,424)
Target: NA
Stop-loss short positions at 8,505. Stop-long positions at 8,345. A long 8,200p (38) and long 8,600c (37) could gain on any big move.

BANK NIFTY
Current: 19,017 (futures: 19,140)
Target: 18,850 (futures: 18,950)
Keep a stop at 19,250 and go short. Add to the position between 18,975 and 19,000.
Book profits at 18,950.

MARUTI SUZUKI
Current price: Rs 3,448
Target price: Rs 3,500
Keep a stop at Rs 3,410 and go long. Add to the position between Rs 3,465 and Rs 3,475. Book profits at Rs 3,500.

DLF
Current price: Rs 136
Target price: Rs 132.5
Keep a stop at Rs 138 and short. Add to the position between Rs 133 and Rs 134. Book profits at Rs 132.5

HINDALCO
Current price: Rs 157
Target price: Rs 153
Keep a stop at Rs 159 and short. Add to the position between Rs 154 and Rs 155. Book profits at Rs 153.

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