Today's picks: 3 May 2016

Nifty, Bank Nifty, HCL Technologies, Aurobindo Pharma & ITC

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Devangshu Datta
Last Updated : May 03 2016 | 6:00 AM IST
Nifty
Current: 7,806 (futures: 7,840)
Target: NA

Stop-long positions at 7,770. Stop-short positions at 7,910. Big moves could go till 7,725, 7,975. A long 7,700p (72), short 7,600p (48) could gain 10-15 if the index drops till 7,750.

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Bank Nifty
Current: 16,543 (fut: 16,627)
Target: NA

Stop-long positions at 16,525. Stop-short positions at 16,725. Big moves could go till 16,300, 16,950. Downtrend may continue.

HCL Technologies
Current price: Rs 742
Target price: Rs 728

Keep a stop at Rs 750 and go short. Add to the position between Rs 730 and Rs 734. Book profits at Rs 728.

Aurobindo Pharma
Current price: Rs 770
Target price: Rs 785

Keep a stop at Rs 763 and go long. Add to the position between Rs 778 and Rs 780. Book profits at Rs 785.

ITC
Current price: Rs 321
Target price: Rs 315

Keep a stop at Rs 325 and go short. Add to the position between Rs 316 and Rs 317. Book profits at Rs 315.
Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: May 03 2016 | 6:00 AM IST

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