Today's picks: 2 August 2016

Nifty, Bank Nifty, Larsen & Toubro, MindTree & Maruti Suzuki

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Devangshu Datta
Last Updated : Aug 01 2016 | 11:18 PM IST
NIFTY
Current: 8,637 (futures: 8,688)
Target: NA
Stop-long positions at 8,620. Stop-short positions at 8,760. Big moves could go till 8,800, 8,550. A long 8,600p (89), short 8,500p (60) costs 29. It could gain 10-15 if the futures hits 8,600.

BANK NIFTY
Current: 18,740 (fut: 18,863)
Target: NA
Stop-long positions at 18,750. Stop-short positions at 19,000. Big moves could go till 19,200, 18,500. Trend has a bearish bias.

LARSEN & TOUBRO
Current price: Rs 1,493
Target price: Rs 1,470
Keep a stop at Rs 1,505 and go short. Add to the position between Rs 1,475 and Rs 1,480. Book profits at Rs 1,470.

MINDTREE
Current price: Rs 601
Target price: Rs 590
Keep a stop at Rs 607 and go short. Add to the position between Rs 592 and Rs 595. Book profits at Rs 590.

MARUTI SUZUKI
Current price: Rs 4,866
Target price: Rs 4,915
Keep a stop at Rs 4,835 and go long. Add to the position between Rs 4,885 and Rs 4,900. Book profits at Rs 4,915.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Aug 01 2016 | 10:42 PM IST

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