Today's picks- 1 November 2016

Nifty, Bank Nifty, Hindalco, ACC, Sun Pharma

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Devangshu Datta
Last Updated : Nov 02 2016 | 1:00 AM IST
Nifty       
Current: 8,626  (fut: 8,650) Target: NA
Stop-long positions at 8,590. Stop-short positions at 8,710. Big moves could go till 8,730, 8,525. A long 8,700c (100), short 8,800c (59) could gain 15-20 if the futures moves past 8,700.

Bank Nifty       
Current: 19,459   (futures: 19,529) 
Target: NA  

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Stop-long positions at 19,400. Stop-short positions at 19,650. Big moves could go till 19,850, 19,200. Trend mildly negative.

Hindalco           
Current price: Rs 157
Target price: Rs 161
Keep a stop at Rs 155 and go long. Add to the position between Rs 159 and Rs 160. Book profits at Rs 161.

ACC   
Current: Rs 1,503   
Target: Rs 1,475
Keep a stop at Rs 1,520 and go short. Add to the position between Rs 1,480 and Rs 1,485. Book profits at Rs 1,475.

Sun Pharma        
Current: Rs 734  
Target: Rs 721
Keep a stop at Rs 740 and go short. Add to the position between Rs 724 and Rs 726. Book profits at Rs 721.                                                                      Target prices, projected movements in terms of next session, unless otherwise stated

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First Published: Nov 02 2016 | 12:54 AM IST

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