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Today's Picks: 5 July 2017

Nifty, Bank Nifty, Maruti Suzuki, Coal India, Dr Reddy's Lab

Devangshu Datta 

Nifty 
Current: 9,613 (fut: 9,620), Target: NA
Stop-long positions at 9,570. Stop-short positions at 9,675. Big moves could go till 9,750, 9,500. A long 9,500p (57), 9,400p (36) could gain 10-15 if the index tests 9,550. 

Bank Nifty 
Current: 23,214 (fut: 23,246) Target: NA
Stop-long positions at 23,150. Stop-short positions at 23,350. Big moves could go till 23,600, 22,900. Downside bias more likely.

Maruti Suzuki
Current price: Rs 7,376 Target price: Rs 7,450 
Keep a stop at Rs 7,300 and go long. Add to the position between Rs 7,400 and Rs 7,425. Book profits at Rs 7,450.

Current price: Rs 247 Target price: Rs 242
Keep a stop at Rs 250 and go short. Add to the position between Rs 243 and Rs 244. Book profits at Rs 242.

Dr Reddy's Lab    
Current price: Rs 2,624 Target price: Rs 2,580
Keep a stop at Rs 2,650 and go short. Add to the position between Rs 2,590 and Rs 2,600 Book profits at Rs 2,580.

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

First Published: Wed, July 05 2017. 06:00 IST
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