Today's picks

Nifty, Sun Pharma, Tata Steel, Reliance Industries & Bank of Baroda

NIFTY
Current: 6,153 (fut: 6,166);
Target: NA
Stop-loss shorts at 6,225. Stop loss long positions at 6,100. Breakouts or breakdowns could go till 6,050 or till 6,250. A bullspread of long 6,200c (29) and short 6,300c (6) could double if the index crosses 6,200.

SUN PHARMA
Current: Rs 623;
Target: Rs 635 (fut: 10,400)
Keep a stop at Rs 615 and go long. Add to the position between Rs 626 and Rs 630. Book profits above Rs 635.

TATA STEEL
Current price: Rs 374;
Target price: Rs 366
Keep a stop at Rs 377 and go short. Add to the position between Rs 369 and Rs 371. Book profits at Rs 366.

RELIANCE INDUSTRIES
Current price: Rs 812;
Target price: Rs 835
Keep a stop at Rs 800 and go long. Add to the position between Rs 820 and Rs 830. Book profits at Rs 835.

BANK OF BARODA
Current price: Rs 532;
Target price: Rs 515
Keep a stop at Rs 542 and go short. Add to the position between Rs 523 and Rs 528. Book profits below Rs 515.

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The target prices and projected movements given above are in terms of the next one trading session, unless
otherwise stated