Today's picks

NIFT
Current: 5,898 (futures: 5,906)
Target: NA
Index remains range-bound between 5,870 and 5,925 with very nominal futures premium. The range today could be 5,850 or 5,950. Stop-loss shorts at 5,925 and stop-loss long positions at 5,975. A long 5,800p (19) and long 6,000c (21) could gain 10-12 if the market swings 50 points in either direction.

STATE BANK OF INDIA
Current price: Rs 2,263
Target price: Rs 2,320
The stock could see a run-up till the Rs 2,320-2,340 levels. Keep a stop at Rs 2,235 and go long. Add to the position between Rs 2,270-2,300. Book profits above Rs 2,320.

DLF
Current price: Rs 261
Target price: Rs 268
The stock has bounced sharply from a recent low of Rs 242. It could rise till the Rs 268-270 level. Keep a stop at Rs 258 and go long. Add to the position between Rs 263 and Rs 266. Book profits above Rs 268.

POWERGRID
Current: Rs 108.25;
Target: Rs 111
The stock could run up till Rs 111-113. Keep a stop at Rs 105 and go long. Add to the position between Rs 109 and Rs 110. Book profits above Rs 111.

BHEL
Current: Rs 207.5;
Target: Rs 213
A recovery till Rs 213-214 is possible. Keep a stop at Rs 205 and go long. Add to the position between Rs 209 and Rs 210. Book profits above Rs 213.

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