Today's picks: Nifty, SAIL, Wipro, Tata Motors

NIFTY
Current: 5,412 (February futures: 5,448);
Target: NA
The index looked bullish with a late surge that suggests a potential target of 5,625. One session expectations are 5,525 or 5325. Stop-loss shorts at 5,475 and stop-loss long positions at 5,350. A long strangle of long 5,200p (18) and long 5,500c (58) costs 76 and this could gain 20-25 on a swing.

BANK NIFTY
Current: 10,507 (Feb futures: 10,588);
Target: 10,725
The futures is trading substantial premium to the spot. The financial index could test resistance between 10,700 and 10,725 today and a breakout past 10,700 may push it till 10,800. Keep a stop at 10,400 and go long. Add to the position between 10,625 and 10,650. Book profits or partial profits at 10,725.

TATA MOTORS

Current price: Rs 257;
Target price: Rs 272
An apparent breakout could carry the stock till Rs 270-275 with a five-session timeframe. Keep a stop at Rs 251 and go long. Add to the position between Rs 259 and Rs 263. Start booking profits above Rs 272.

WIPRO
Current price: Rs 445;
Target price: Rs 460
A big surge on volume expansion could have enough momentum to test resistance at Rs 460. Keep a stop at Rs 438 and go long. Add to the position between Rs 448 and Rs 453. Start booking profits at Rs 460.

SAIL
Current price: Rs 109;
Target price: Rs 114
A breakout past resistance at Rs 109-110 could take the stock to Rs 114-115. Keep a stop at Rs 107 and go long. Add to the position between Rs 110 and Rs 111. Start booking profits above Rs 114.