Today's picks- 3 August 2016

Nifty, Bank Nifty, ITC, Aurobindo Pharma & Hindalco

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Devangshu Datta
Last Updated : Aug 03 2016 | 6:00 AM IST
NIFTY
Current: 8,623 (futures: 8,664)
Target: NA
Stop-long positions at 8,595. Stop-short positions at 8,730. Big moves could go till 8,775, 8,550. A long 8,600p (99), short 8,500p (67) could gain 10-15 if the futures hits 8,575.

BANK NIFTY
Current: 18,708 (fut: 18,845)
Target: NA
Stop-long positions at 18,725. Stop-short positions art 18,975. Big moves could go till 18,550, 19,150. Short-term trend is flat or mildly bearish.

ITC
Current price: Rs 261
Target price: Rs 265
Keep a stop at Rs 259 and go long. Add to the position between Rs 263 and Rs 264. Book profits at Rs 265.

AUROBINDO PHARMA
Current price: Rs 763
Target price: Rs 750
Keep a stop at Rs 770 and go short. Add to the position between Rs 752 and Rs 755. Book profits at Rs 750.

HINDALCO
Current price: Rs 135.5
Target price: Rs 132.5
Keep a stop at Rs 137 and go short. Add to the position between Rs 133.5 and Rs 134. Book profits at Rs 132.5
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Aug 03 2016 | 6:00 AM IST

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