Today's picks

Nifty, Bank of Baroda, Wipro, Tata Steel & Reliance Capital

NIFTY
Current: 6,178 (futures: 6,187);
Target: NA
Some profit booking visible on Tuesday. Stop-loss short positions at 6,250 and stop-loss long positions at 6,120. Breakouts could go till 6,275 or 5,950. A bearspread of long 6,100p (33) and short 6,000p (15) could double if 6,100 is struck.

BANK OF BARODA
Current: Rs 593;
Target: Rs 610
Keep a stop at Rs 584 and go long. Add to the position between Rs 595 and Rs 600. Book profits above Rs 610.

WIPRO
Current: Rs 491;
Target: Rs 475
Keep a stop at Rs 497 and short. Add to the position between Rs 480 and Rs 485. Book profits below Rs 475.

TATA STEEL
Current: Rs 334.50;
Target: Rs 325
Keep a stop at Rs 339 and short. Add to the position between Rs 328 and Rs 331. Book profits below Rs 325.

RELIANCE CAPITAL
Current: Rs 359.70;
Target: Rs 348
Keep a stop at Rs 366 and short. Add to the position between Rs 351 and Rs 354. Book profits below Rs 348.

The target prices and projected movements are in terms of the next session, unless otherwise stated