Today's picks- 7 November 2014

Nifty, Bank Nifty, BPCL & Infosys

NIFTY
Current: 8,338 (fut: 8,388)
Target: NA
Stop-loss shorts at 8,455. Stop long positions at 8,325. There's positive bias given Singapore trends. A long 8,500c (47) and short 8,600c (21) could gain 10-15 if the futures hit 8,450. (All futures prices)

BANK NIFTY
Current: 17,371 (futures: 17,490)
Target: 17,600 (futures: 17,700)
Keep a stop at 17,425 and go long. Add to the position between 17,600 and 17,625.  Book profits at 17,700.

BPCL
Current: Rs 740
Target: Rs 755
Keep a stop at Rs 730 and go long. Add to the position between Rs 746 and Rs 750. Book profits at Rs 755.

INFOSYS
Current: Rs 4,125;
Target: Rs 4,200
Keep a stop at 4,075 and go long. Add to the position between 4,155 and 4,175. Book profits at 4,200.

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