Today's picks- 8 January 2015

NIFTY

Current: 7,568 (futures: 7,574)

Target: NA

Stop-long positions at 7,500. Stop-short positions at 7,655. Big moves could go till 7,700, 7,450. A long 7,700c (71), short 7,800p (40) could gain if there's short-covering.

BANK NIFTY

Current: 16,074 (fut: 16,080)

Target: NA

Stop-loss short positions at 16,200. Stop-long positions at 15,970. Big moves could go till 15,800, 16,400. There could be a small rally based on short covering.

HIND UNILEVER

Current price: Rs 820

Target price: Rs 828

Keep a stop at Rs 815 and go long. Add to the position between Rs 825 and Rs 827. Book profits at Rs 828.

BHEL

Current price: Rs 154

Target price: Rs 158

Keep a stop at Rs 152 and go long. Add to the position between Rs 156 and Rs 157. Book profits at Rs 158.

ZEEL

Current price: Rs 415

Target price: Rs 422

Keep a stop at Rs 411 and go long. Add to the position between Rs 419 and Rs 420. Book profits at Rs 422.
Target prices, projected movements in terms of next session, unless otherwise stated

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