Today's picks

Nifty, Bank Nifty, Tata Power, Bharti Airtel & Tata Motors

NIFTY
Current: 6,057 (fut: 6,072);
Target: NA
Use 6,000 as a stop-loss for long positions. Use 6,125 as the stop-loss for short positions. Breakouts could go till 5,925 or till 6,175 though the index is likely to be range-bound. A strangle of long 6,100c (11) and long 6,000p (4) could double if there's a big move.

BANK NIFTY

Current: 10,899 ; (fut: 10,931)
Target: 10,700
Keep a stop at 11,025 and short. Add to the position between 10,750 and 10,775. Book profits below 10,700. (All futures prices).

TATA POWER
Current price: Rs 78;
Target price: Rs 81
Keep a stop at Rs 76.5 and go long. Add to the position between Rs 78.5 and Rs 79.5. Book profits above Rs 81.

BHARTI AIRTEL
Current price: Rs 322;
Target price: Rs 330
Keep a stop at Rs 319 and go long. Add to the position between Rs 325 and Rs 327. Book profits at Rs 330. If Rs 319 is broken, the stock could slide till Rs 312.

TATA MOTORS
Current price: Rs 399.2;
Target price: Rs 410
Keep a stop at Rs 393 and go long,. Add to the position between Rs 401 and Rs 404. Book profits above Rs 410.
The target prices and projected movements given above are in terms of the next one trading session, unless otherwise stated