Today's picks: 5 April 2016

Nifty, Bank Nifty, Coal India, Bharti Airtel & Aurobindo Pharma

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Devangshu Datta
Last Updated : Apr 05 2016 | 6:00 AM IST
Nifty
Current: 7,759 (fut: 7,791),
Target: NA

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Stop-loss short positions at 7,870. Stop-long positions at 7,710. Big moves could go till 7,950, 7,650. Higher than normal volatility is lik-ely due to the policy review. The market has discounted a 25 bps policy rate cut so profit booking may occur unless there's a bigger cut.

Bank Nifty
Current: 16,191 (fut: 16,265)
Target: NA
Stop-long positions at 16,100. Stop-short positions at 16,400. Big moves could go till 15,900, 16,600. Higher than normal volatility could occur today due to the policy review.

Coal India
Current price: Rs 284
Target price: Rs 280
Keep a stop at Rs 287 and go short. Add to the position between Rs 281 and Rs 282. Book profits at Rs 280.

Bharti Airtel
Current price: Rs 349
Target price: Rs 355
Keep a stop at Rs 346 and go long. Add to the position between Rs 353 and Rs 354. book profits at Rs 355.

Aurobindo Pharma
Current price: Rs 754 ;
Target price: Rs 770
Keep a stop at Rs 746 and go long. Add to the position between Rs 762 and Rs 765. Book profits at Rs 770.

Target prices, projected movements in terms of next session, unless otherwise stated
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First Published: Apr 05 2016 | 6:00 AM IST

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