Today's picks- 10 June 2016

Nifty, Bank Nifty, Coal India, Aurobindo Pharma & Bajaj Auto

Nifty
Current: 8,204 (futures: 8,225)
Target: NA

Stop-loss long positions 8,170. Stop-loss short positions 8,280. Big moves could move till 8,100, 8,350. A long 8,200p (100), 8,100p (67) could gain 10-15 if the futures drop till 8,170.

Bank Nifty
Current: 17,887 (fut: 17,815)
Target: NA

Stop-loss long positions at 17,725. Stop-short positions at 17,925. Big moves could go till 17,600, 18,050. Some downside bias.

Coal India
Current price: Rs 313
Target price: Rs 320

Keep a stop at Rs 310 and go long. Add to the position between Rs 317 and Rs 318. Book profits at Rs 320.

Aurobindo Pharma

Current price: Rs 753
Target price: Rs 740

Keep a stop at Rs 760 and go short. Add to the position between Rs 743 and Rs 745. Book profits at Rs 740.

Bajaj Auto
Current price: Rs 2,592
Target price: Rs 2,550

Keep a stop at Rs 2,615 and go short. Add to the position between Rs 2,565 and Rs 2,575. Book profits at Rs 2,550.
Target prices, projected movements in terms of next session, unless otherwise stated