Today's picks- 19 November 2014

Nifty, Bank Nifty, Cairn & Jindal Steel & Power

NIFTY
Current: 8,382 (futures: 8,412)
Stop-loss short positions at 8,475. Stop long positions at 8,350. Some downside bias. A long 8,400p (48) and short 8,300p (19) would double if the index hits 8,300. 

BANK NIFTY
Current: 17,585 (futures: 17,631.7)
Target: 15,450 (futures: 15,500)
Keep a stop at 17,700 and short. Add to the position between 17,525 and 17,550. Book profits at 15,500.

CAIRN
Current price: Rs 261
Target price: Rs 255
Keep a stop at Rs 264 and short. Add to the position between Rs 256 and Rs 257. Book profits at Rs 255.

JINDAL STEEL & POWER
Current price: Rs 152
Target price: Rs 147
Keep a stop at Rs 155 and short. Add to the position between Rs 149 and Rs 150. Book profits at Rs 147 .

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