Today's picks: 04 April 2017

Nifty, Bank Nifty, Hindalco, Larsen & Tourbro, Bharti Airtel

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Devangshu Datta
Last Updated : Apr 04 2017 | 12:45 AM IST
Nifty       
Current: 9,238   (fut: 9,274) Target: NA
Stop-long positions at 9,200. Stop-short positions at 9,350. Big moves could go till 9,400, 9,150. A long 9,400c, (41), short 9,500c (19) could gain 10-15 if the futures tests 9,350.

Bank Nifty       
Current: 21,548   (futures: 21,585
Target: NA  

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Stop-long positions at 21,475. Stop-short positions at 21,700. Big moves could go 
till 21,900, 21,150. The financial index is bullish but has less momentum than the general market.

Hindalco           
Current price: Rs 193.5
Target price: Rs 197.5
Keep a stop at Rs 192 and go long. Add to the position between Rs 196 and Rs 197. 
Book profits at Rs 197.5

Larsen & Toubro    
Current price: Rs 1,661  
Target price: Rs 1,690
Keep a stop at Rs 1,645 and go long. Add 
to the position Rs 1,680 and Rs 1,685. Book profits at Rs 1,690.

Bharti Airtel        
Current price: Rs 342 
Target price: Rs 335
Keep a stop at Rs 345 and go short. Add to the position between Rs 337 and Rs 338. Book profits at Rs 335.
 
Target prices, projected movements in terms of next session, unless otherwise stated

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