Today's picks

Nifty, Tata Power & CNX Bank

NIFTY
Current: 7,511 (fut: 7531)
Target: NA
Stop short positions at 7600. Stop long positions at 7450. Big moves could go till 7390 or 7675. A long 7500p (42) and short 7400p (15) could gain 15-20 if the index falls 75 points. (All futures prices)

TATA POWER
Current: 101
Target: 97
Keep a stop at 103 and short. Add to the position between 98-99. Book profits at 97.

CNX BANK
Current: 14,997 (fut: 15066)
Target: 14,850
Keep a stop at 15025 and short. Add to the position between 14,950-14,975. Book profits at 14,850. (All futures prices)

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