Today's picks- 9 December 2014

Nifty, Bank Nifty, Tata Power, Jindal Steel & Cairn

NIFTY
Current: 8,341 (fut: 8,394)
Target: NA
Stop-loss shorts at 8,465. Stop-long positions at 8,320. A long 8,300p (41) and short 8,200p (19) costs 22. It could double if the index futures falls to 8,300.

BANK NIFTY
Current: 18,291 (futures: 18,420)
Target: 18,150 (futures: 18,250)
Keep a stop at 18,500 and short. Add to the position between 18,275 and 18,300. Book profits at 18,250

TATA POWER
Current: Rs 85
Target: Rs 81
Keep a stop at 87 and go short. Add to the position between 82 and 83. Book profits at 81

JINDAL STEEL
Current: Rs 145
Target: Rs 140
Keep a stop at 147 and go short. Add to the position between 141 and 142. Book profits at 140.

CAIRN
Current: Rs 254
Target: Rs 249
Keep a stop at 256 and go short. Add to the position between 251 and 252. Book profits at 249.

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