Today's picks- 28 October 2015

Nifty, Bank Nifty, Maruti Suzuki, ONGC & Idea Cellular

Nifty
Current: 8,233 (fut: 8,244),
Target: NA

Stop-short positions at 8,305. Stop-long positions at 8,170. Big moves could go till 8,125, 8,375. May be a downside bias. A long 8,200p (20) would be profitable if there's a big down-move before settlement.

Bank Nifty
Current: 17,806 (fut: 17,841 )
Target: NA

Stop-short positions at 17,950. Stop-long positions at 17,725. Big moves could go till 18,150, 17,500. Downside seems more likely.

Maruti Suzuki
Current price: Rs 4,497
Target price: Rs 4,585

Keep a stop at Rs 4,450 and go short. Add to the position between Rs 4,540 and Rs 4,560. Book profits at Rs 4,585.
 
ONGC
Current price: Rs 248
Target price: Rs 244

Keep a stop at Rs 251 and go short. Add to the position between Rs 245 and Rs 246. Book profits at Rs 244.

Idea Cellular
Current price: Rs 141
Target price: Rs 137

Keep a stop at Rs 143 and go short. Add to the position between Rs 138 and Rs 139. Book profits at Rs 137

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