Today's picks- 7 October 2014

Nifty, Bank Nifty, HCL Tech, JIndal Steel & Power & Cairn

NIFTY
Current: 7,852 (fut: 7,892),
Target: NA
Stop-loss shorts at 7,965. Stop long posituions at 7,825. Big moves could go till 8,025, 7,775. A long 7,800p (74) and short 7,700p (46) costs 28 and could gain 10-15 if 7,800 is struck.

BANK NIFTY
Current: 15,180 (fut: 15,234)
Target: 15,025 (fut: 15,050)
Keep a stop at 15,300 and go short . Add to the position between 15,100 and 15,125. Book profits at 15,050.

HCL TECH
Current price: Rs 1,729
Target price: Rs 1,770
Keep a stop at Rs 1,710 and go long. Add to the position between Rs 1,750 and Rs 1,760. Book profits at Rs 1,770.

JINDAL STEEL & POWER
Current price: Rs 163
Target price: Rs 157
Keep a stop at Rs 166 and short. Add to the position between Rs 158 and Rs 159. Book profits at Rs 157.

CAIRN
Current price: Rs 291
Target price: Rs 282
Keep a stop at Rs 295 and go short. Add to the position between Rs 285 and Rs 297. Book profits at Rs 282.

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