Today's picks

Nifty, BHEL, YES Bank, DLF, Hindalco

Nifty
Current: 6,202 (futures: 6,249);
Target: NA
The index is still testing resistance in the 6,225-6,250 zone. Stop-loss short positions at 6,300. Stop-loss long positions at 6,175. Breakouts or breakdowns could hit 6,365 or 6,125, respectively. A bullspread of long 6,400c (87) and short 6,500c (54) will gain 15-20 if the Nifty moves above 6,350. (All futures prices above)

BHEL

Current: Rs 164;
Target: Rs 170
Keep a stop at Rs 161 and go long. Add to the position between Rs 165 and Rs 167. Book profits above Rs 170.

YES Bank
Current: Rs 371.5;
Target: Rs 362
Keep a stop at Rs 375 and go short. Add to the position between Rs 365 and Rs 368. Book profits below Rs 362.

DLF
Current: Rs 155.85;
Target: Rs 162
Keep a stop at Rs 152 and go long. Add to the position between Rs 157 and Rs 159. Book profits above Rs 162.

Hindalco
Current: Rs 124;
Target: Rs 130
Keep a stop at Rs 120 and go long with a five-session time frame. Add to the position between Rs 126 and Rs 128. Book profits above Rs 130.
Target prices and projected movements in terms of next session unless stated otherwise