Today's picks- 13 October 2014

Nifty, Bank Nifty, Tata Power, M&M & HCL Tech

NIFTY
Current: 7,884 (fut: 7,912)
Target: NA
Stop-loss shorts at 7,975. Stop long positions at 7,850. Big moves could go till 8,025 or 7,800. A long 8100c (28) and long 7,700p (29) would gain 10-15 on a big swing.

BANK NIFTY
Current: 15,678 (fut: 15,702)
Target: 15,525 (fut: 15,575)
Keep a stop at 15,750 and go short. Add to the position between 15,600 and 15,625. Book profits at 15,575.

TATA POWER
Current: Rs 85
Target: Rs 89
Keep a stop at Rs 83 and go long. Add to the position between Rs 87 and Rs 88. Book profits at Rs 89.

M&M
Current: Rs 1,269
Target: Rs 1,250
Keep a stop at Rs 1,285 and short. Add to the position between Rs 1,255-1260. Book profits at Rs 1,250.

HCL TECH
Current: Rs 1,756
Target: Rs 1,790
Keep a stop at Rs 1,738 and go long. Add to the position between Rs 1,775 and Rs 1,785. Book profits at Rs 1,790.

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