Today's picks- - 11 March 2016

Nifty, Bank Nifty, BHEL, Infosys & Tata Motors

Nifty
Current: 7,486 (fut: 7,486),
Target: NA

Stop-long positions at 7,400. Stop-short positions at 7,560. Big moves could go till 7,610, 7,360. A long 7,600c (62), short 7,700c (35) could gain 15-20 if the futures hits 7,550.

Bank Nifty
Current: 15,180 (fut: 15,242)
Target: NA

Stop-long positions at 15,125. Stop-short positions at 15,350. Big moves could go till 14,950, 15,550. Strong resistance at 15,350.

BHEL
Current price: Rs 104.5
Target price: Rs 101.5

Keep a stop at Rs 106 and go short. Add to the position between Rs 102 and Rs 103. book profits at Rs 101.5.

Infosys
Current price: Rs 1,142
Target price: Rs 1,190

Keep a stop at Rs 1,100 and go long. Add to the position between Rs 1,170 and Rs 1,180. Book profits at Rs 1,190.

Tata Motors
Current price: Rs 349
Target price: Rs 356

Keep a stop at Rs 345 and go long. Add to the position between Rs 354 and Rs 355. Book profits at Rs 356.
Target prices, projected movements in terms of next session, unless otherwise stated