Today's picks

Nifty, Bank Nifty, M&M, Coal India & Bharti Airtel

NIFTY
Current: 6,073 (fut: 6,098);
Target: NA
Stop-loss long positions at 6,045. Stop loss shorts at 6,150. Breakouts or breakdowns could be till 6,200 or 6,000. Breadth was poor, suggesting bearish bias. A strangle of long 6,000p (24) and long 6,200c (17) could gain 10-15 if there's a 75-point swing. (All futures prices above)

BANK NIFTY
Current: 10,327 (fut: 10,356);
Target: 10,150 (fut: 10,175)
Keep a stop at 10,425 and go short. Add to the position between 10,250 and 10,275. Book profits below 10,175. (All futures prices above)

M&M
Current price: Rs 928;
Target price: Rs 955
Keep a stop at Rs 910 and go long. Add to the position between Rs 935 and Rs 945. Book profits above Rs 955.

COAL INDIA
Current price: Rs 256;
Target price: Rs 245
Keep a stop at Rs 261 and go short. Add to the position between Rs 248 and Rs 251. Book profits below Rs 245.

BHARTI AIRTEL
Current price: Rs 305;
Target price: Rs 290
Keep a stop at Rs 312 and go short. Add to the position between Rs 295 and Rs 299. Book profits below Rs 290.

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