Today's picks: 4 May 2016

Nifty, Bank Nifty, Coal India, Zee Entertainment & Power Grid

NIFTY
Current: 7,747 (futures: 7,781)
Target: NA
Stop-long positions at 7,700. Stop-short positions at 7,855. Big moves could go till 7,905, 7,655. A long 7,600p (65), short 7,500p (44) could gain 10-15 if the index falls below 7,675.

BANK NIFTY
Current: 16,388 (fut: 16,484)
Target: NA
Stop-loss long positions at 13,375. Stop-short positions at 16,600. Big moves could go till 16,775, 16,175. The downtrend may continue.

COAL INDIA
Current price: Rs 279
Target price: Rs 275
Keep a stop at Rs 281 and go short. Add to the position between Rs 276 and Rs 277. Book profits at Rs 275.

ZEE ENTERTAINMENT
Current price: Rs 420
Target price: Rs 412
Keep a stop at Rs 424 and short. Add to the position between Rs 414 and Rs 416. Book profits at Rs 412.

POWER GRID
Current price: Rs 145
Target price: Rs 148
Keep a stop at Rs 143 and go long. Add to the position between Rs 146 and Rs 147. Book profits at Rs 148.

Target prices, projected movements in terms of next session, unless otherwise stated