Today's picks

Nifty, Hindalco, Just Dial, Sun Pharma

NIFTY
Current: 6,339 (fut: 6,344);
Target: NA
Stop-loss short positions at 6,385. Stop-loss long positions 6,295. Breakouts or breakdowns could go till 6,445 or 6,245. There is some bullish bias. A bullspread of long 6,350c (54) and short 6,450c (13) could gain 10-15 if the index hits 6,400. (All futures prices above)

HINDALCO
Current: Rs 115
Target: Rs 109
Keep a stop at Rs 118 and go short. Add to the position between Rs 110 and Rs 112. Book profits below Rs 109.

JUST DIAL
Current price: Rs 1,693;
Target price: Rs 1,750
Keep a stop at Rs 1,660 and go long. Add to the position between Rs 1,715 and Rs 1,730. Book profits above Rs 1,750.

SUN PHARMA
Current price: Rs 597;
Target price: Rs 615
Keep a stop at Rs 585 and go long. Add to the position between Rs 605 and Rs 608. Book profits above Rs 615.

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