Today's picks- 15 June 2015

Nifty, Bank Nifty, Idea Cellular, Infosys & Hindalco

NIFTY
Current: 8,014 (fut: 8,005)
Target: NA
Stop-loss short positions at 8,085. Stop long positions at 7,920. Big moves could go till 8,165-7,850. A long 7800p (28) plus long 8200c (22) would gain 15-20 if the futures moves 150 points in either direction. (All futures prices)

BANK NIFTY
Current: 17,459 (fut: 17,396)
Target: 17,200 (fut:17,200)
Keep a stop at 17,500 and short. Add to the position between 17,275-17,300. Book profits at 17,200

IDEA CELLULAR
Current: Rs 176
Target: Rs 179
Keep a stop at 174 and go long. Add to the position between 177-178. Book profits at 179.

INFOSYS
Current: Rs 991
Target: Rs 1015
Post split volatility could be higher than normal. Keep a stop at 980 and go long. Add to the position between 1,000-1,005. Book profits at 1015.

HINDALCO
Current: Rs 114
Target: Rs 112
Keep a stop at 115 and short. Add to the position between 113-113.5. Book profits at 112.

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