Today's picks: 7 September 2016

Nifty, Bank Nifty, Tata Motors, ACC, & Asian Paints

NIFTY

Current: 8,943 (fut: 8,966)
Target: NA

Stop-short positions at 9,025. Stop-long positions at 8,900. Big moves could go till 9,100, 8,825. A long 9,000c (80), short 9,100c (42) could gain 10-15 if the futures crosses 9,000.

BANK NIFTY

Current: 20,426 (futures: 20,510)
Target: NA
Stop-long positions at 20,400. Stop-short positions at 20,610. Big moves could go till 20,200, 20,800. Trend is very bullish.

TATA MOTORS

Current price: Rs 589
Target price: Rs 577
Keep a stop at Rs 594 and go short. Add to the position between Rs 580 and Rs 583. Book profits at Rs 577.

ACC

Current: Rs 1,698
Target: Rs 1,725
Keep a stop at Rs 1,685 and go long. Add to the position between Rs 1,710 and Rs 1,715. Book profits at Rs 1,725.

ASIAN PAINTS

Current: Rs 1,204
Target: Rs 1,225
Keep a stop at Rs 1,190 and go long. Add to the position between Rs 1,215 and Rs 1,220. Book profits at Rs 1,225.

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