Today's picks- 20 April 2015

Nifty, Bank Nifty, Lupin, NMDC & Hero Motor

NIFTY
Current: 8,448 (fut: 8,470)
Target: NA
Stop-loss short positions at 8,530. Stop- long positions at 8,370. A long 8,300p (36),  short 8,200p (19) could double if the downtrend tests support at 8,350.

BANK NIFTY

Current: 18,173 (futures: 18,113)
Target: 17,825 (futures: 17,900)
Keep a stop at 18,325 and go short. Add to the position between 17,950 and 17,975. Book profits at 17,900.

LUPIN
Current price: Rs 1,787
Target price: Rs 1,815
Keep a stop at Rs 1,770 and go long. Add to the position between Rs 1,805 and Rs 1,810. Book profits at Rs 1,815.

NMDC
Current price: Rs 127
Target price: Rs 123
Keep a stop at Rs 129 and go short. Add to the position between Rs 124 and Rs 125. Book profits at Rs 123.

HERO MOTOR
Current price: Rs 2,316
Target price: Rs 2,270
Keep a stop at Rs 2,350 and go short. Add to the position between Rs 2,280 and Rs 2,290. Book profits at Rs 2,270.
Target prices, projected movements in terms of next session, unless otherwise stated