Today's picks- 7 January 2015

Nifty, Bank Nifty, Hind Unilever, HCL Tech & ITC

NIFTY
Current: 8,102 (fut: 8,154)
Target: NA
Stop shorts at 8,225. Stop-long positions at 8,075. A big move could take the index futures to 8,275 or 8,000. A long 8,300c (68) and short 8,400c (40) could gain 15-20 on a big upmove.

BANK NIFTY
Current: 18,304 (futures: 18,473)
Target: 18,550 (futures: 18,650)
Keep a stop at 18,350 and go long. Add to the position between 18,575 and 18,600. Book profits at 18,650.

HIND UNILEVER
Current price: Rs 802
Target price: Rs 816
Keep a stop at Rs 790 and go long. Add to the position between Rs 810 and Rs 814. Book profits at Rs 816.

HCL TECH
Current price: Rs 1,500
Target price: Rs 1,525
Keep a stop at Rs 1,480 and go long. Add to the position between Rs 1,510 and Rs 1,515. Book profits at Rs 1,525.

ITC
Current price: Rs 353
Target price: Rs 359
Keep a stop at Rs 350 and go long. Add to the position between Rs 357 and Rs 358. Book profits at Rs 359.

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