Today's picks- 4 February 2015

Nifty, Bank Nifty, ONGC, Tata Motors & BHEL

NIFTY
Current: 8,725 (fut: 8,757)
Target: NA
Stop-long positions at 8,675. Stop short positions at 8,825. A long 8,600p (92), short 8,500p (65) could gain 15-20 if the futures drop till 8,675.

BANK NIFTY
Current: 19,174 (futures: 19,251)
Target: 19,000 (futures: 19,075)
Keep a stop at 19,375 and short. Add to the position between 19,100 and 19,125. Book profits at 19,075.

ONGC
Current: Rs 368
Target: Rs 375
Keep a stop at Rs 365 and go long. Add to the position between Rs 372 and Rs 373.Book profiits at Rs 375.

TATA MOTORS
Current: Rs 591
Target: Rs 581
Keep a stop at Rs 597 and go short. Add to the position between Rs 583 and Rs 585. Book profiits at Rs 581.

BHEL
Current: Rs 285
Target: Rs 279
Keep a stop at Rs 289 and go long. Add to the position between Rs 280 and Rs 281. Book profits at Rs 279.

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