Today's picks- 27 November 2015

Nifty, Bank Nifty, Sun Pharma, M&M & Tata Power

Nifty
Current: 7,884 (fut: 7,929),
Target: NA

Stop long positions at 7,850. Stop short positions at 8,010. Big moves could go till 8,075, 7,800. A long 8,100c (78), short 8,200c (49) costs 29 and could gain 10-15 if the futures crosses 8,000

Bank Nifty
Current: 17,037 (fut: 17,143)
Target: NA

Stop short positions at 17,300. Stop long positions at 17,050. Big moves could go till 17,450, 16,875. Stiff resistance between 17,250 and 17,300

Sun Pharma
Current price: Rs 736
Target price: Rs 720

Keep a stop at 743 and go short. Add to the position between 725 and 728. Book profits at 720

M&M
Current price: Rs 1,346
Target price: Rs 1,370

Keep a stop at 1,330 and go long. Add to the position between 1,360 and 1,365. Book profits at 1,370

Tata Power
Current price: Rs 66
Target price: Rs 68

Keep a stop at 65.5 and go long. Add to the position between 67.25 and 67.75. Book profits at 68
Target prices, projected movements in terms of next session, unless otherwise stated