Today's picks: 04 April 2017
Nifty, Bank Nifty, Hindalco, Larsen & Tourbro, Bharti Airtel
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Last Updated : Apr 04 2017 | 12:45 AM IST
Nifty
Current: 9,238 (fut: 9,274) Target: NA
Stop-long positions at 9,200. Stop-short positions at 9,350. Big moves could go till 9,400, 9,150. A long 9,400c, (41), short 9,500c (19) could gain 10-15 if the futures tests 9,350.
Bank Nifty
Current: 21,548 (futures: 21,585)
Target: NA
Stop-long positions at 21,475. Stop-short positions at 21,700. Big moves could go
till 21,900, 21,150. The financial index is bullish but has less momentum than the general market.
Hindalco
Current price: Rs 193.5
Target price: Rs 197.5
Keep a stop at Rs 192 and go long. Add to the position between Rs 196 and Rs 197.
Book profits at Rs 197.5
Larsen & Toubro
Current price: Rs 1,661
Target price: Rs 1,690
Keep a stop at Rs 1,645 and go long. Add
to the position Rs 1,680 and Rs 1,685. Book profits at Rs 1,690.
Bharti Airtel
Current price: Rs 342
Target price: Rs 335
Keep a stop at Rs 345 and go short. Add to the position between Rs 337 and Rs 338. Book profits at Rs 335.
Target prices, projected movements in terms of next session, unless otherwise stated