Today's picks- 6 July 2015

Nifty, Bank Nifty, BPCL, Dr Reddy's & Tech Mahindra

NIFTY
Current: 8,522 (fut: 8,538)
Target: NA
Stop-loss long positions at 8,465. Stop-short positions at 8,600. Index looks bullish. A long 8,700c (57), short 8,800c (32) could double if the Index futures crosses 8,650.

BANK NIFTY
Current: 18,825 (futures: 18,859)
Target: 19,000 (futures: 19,050)
Keep a stop at 18,750 and go long. Add to the position between 18,950 and 18,975. Book profits at 19,050.

BPCL
Current: Rs 931
Target: Rs 950
Keep a stop at Rs 920 and go long. Add to the position between Rs 940 and Rs 942. Book profits at Rs 950.

DR REDDY'S
Current: Rs 3,717
Target: Rs 3,875
Keep a stop at Rs 3,680 and go long. Add to the position between Rs 3,745 and Rs 3,855. Book profits at Rs 3,875.

TECH MAHINDRA
Current: Rs 465
Target: Rs 472
Keep a stop at Rs 460 and go long. Add to the position between Rs 469 and Rs 471. Book profits at Rs 472.

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