Today's picks

Nifty, Sun Pharma, Tata Steel, Reliance Industries & Bank of Baroda

NIFTY
Current: 6,153 (fut: 6,166);
Target: NA
Stop-loss shorts at 6,225. Stop loss long positions at 6,100. Breakouts or breakdowns could go till 6,050 or till 6,250. A bullspread of long 6,200c (29) and short 6,300c (6) could double if the index crosses 6,200.

SUN PHARMA
Current: Rs 623;
Target: Rs 635 (fut: 10,400)
Keep a stop at Rs 615 and go long. Add to the position between Rs 626 and Rs 630. Book profits above Rs 635.

TATA STEEL
Current price: Rs 374;
Target price: Rs 366
Keep a stop at Rs 377 and go short. Add to the position between Rs 369 and Rs 371. Book profits at Rs 366.

RELIANCE INDUSTRIES
Current price: Rs 812;
Target price: Rs 835
Keep a stop at Rs 800 and go long. Add to the position between Rs 820 and Rs 830. Book profits at Rs 835.

BANK OF BARODA
Current price: Rs 532;
Target price: Rs 515
Keep a stop at Rs 542 and go short. Add to the position between Rs 523 and Rs 528. Book profits below Rs 515.

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