Today's picks

Nifty, Bank Nifty, Coal India, Mahindra & Mahindra & DLF

NIFTY
Current: 7,359 (fut: 7,365),
Target: NA
Stop-loss shorts at 7,425 and stop-long positions at 7,275. Big moves could range between 7,200 and 7,500. A strangle of 7,500c (17) and 7,200p (13) costs 30 and this would double if either end is hit.

BANK NIFTY
Current: 15,176 (futures: 15,184)
Target: 15,000
The index could range trade between 15,000 and 15,350 and it may start with a bearish bias. Keep a stop at 15,285 and short. Add to the position between 15,075 and 15,100. Book profits at 15,000.

COAL INDIA
Current price: Rs 401
Target price: Rs 388
Keep a stop at Rs 410 and short. Add to the position between Rs 390 and Rs 394. Book profits at Rs 388.

MAHINDRA & MAHINDRA
Current price: Rs 1,229
Target price: Rs 1,190
Keep a stop at Rs 1,255 and go short. Add to the position between Rs 1,200 and Rs 1,220. Book profits at Rs 1,190.

DLF
Current price: Rs 204
Target price: Rs 192
Keep a stop at Rs 212 and go short. Add to the position between Rs 194 and Rs 196. Book profits at Rs 192.

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