Today's picks- 24 February 2016

Nifty, Bank Nifty, Coal India, Hind Unilever & Tata Steel

NIFTY
Current: 7,109 (fut: 7,108),
Target: NA

Stop-loss long positions at 7,045. Stop-short positions at 7,170. Big moves could go till 6,990, 7,230. A long 7,000p (11), long 7,200c (8) could offer a big payoff if the market has another big session before settlement.

BANK NIFTY
Current: 14,008 (fut: 14,010)
Target: NA

Stop-long positions at 13,895. Stop-short positions at 14,105. Big moves could go till 13,750, 14,260. Downtrend could continue.

COAL INDIA
Current price: Rs 301
Target price: Rs 295

Keep a stop at Rs 305 and go short. Add to the position between Rs 297 and Rs 298. Book profits at Rs 295.

HIND UNILEVER
Current price: Rs 837
Target price: Rs 850

Keep a stop at Rs 830 and go long. Add to the position between Rs 844 and Rs 848. Book profits at Rs 850.

TATA STEEL
Current price: Rs 254
Target price: Rs 249

Keep a stop at Rs 257 and go short. Add to the position between Rs 250 and Rs 251. Book profits at Rs 249.
Target prices, projected movements in terms of next session, unless otherwise stated