Today's picks- 20 November 2015

Nifty, Bank Nifty, Dr Reddy's, Tech Mahindra & Zee Entertainment

NIFTY
Current: 7,843 (futures: 7,858)
Target: NA
Stop-loss shorts at 7,925. Stop-long positions at 7,790. Big moves may go to 7,725, 7,975. There's big resistance at 7,850-7,875. But a long 7,900c (41), short 8,000c (16) gains 10-15 if the index hits 7,900.

BANK NIFTY
Current: 17,072 (fut: 17,092)
Target: NA
Stop-loss short positions at 17,200. Stop-loss long positions at 16,950. Big moves could go till 17,350, 17,800. Major resistances at 17,175-17,200 and support at 16,925-16,950.

DR REDDY'S
Current price: Rs 3,281
Target price: Rs 3,230
Keep a stop at Rs 3,310 and go short. Add to the position between Rs 3,240 and Rs 3,250. Book profits at Rs 3,220.

TECH MAHINDRA
Current price: Rs 534
Target price: Rs 525
Keep a stop at Rs 540 and go short. Add to the position between Rs 527 and Rs 529. Book profits at Rs 525.

ZEE ENTERTAINMENT
Current price: Rs 391
Target price: Rs 397
Keep a stop at Rs 388 and go long. Add to the position between Rs 395 and Rs 396. Book profits at Rs 397.

Target prices, projected movements in terms of next session, unless otherwise stated