<b>Today's picks:</b> 1 February, 2017
Stop-long positions at 8,500. Stop-short positions at 8,680
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Last Updated : Feb 01 2017 | 6:00 AM IST
Nifty
Current: 8,561 (fut: 8,586) Target: NA
Stop-long positions at 8,500. Stop-short positions at 8,680. Big moves could go till 8,750, 8,425. A short 8,300p (51), short 8,800c (51) brings in 102. If the market doesn't move too much, it would be possible to reverse this with some profit.
Bank Nifty
Current: 19,515 (futures: 19,590)
Target: NA
Stop-long positions at 19,470. Stop-short positions at 19,710. Big moves could go till 20,000, 19,200. Extra volatility likely and this is a sensitive sector.
TCS
Current price: Rs 2,230
Target price: Rs 2,190
Keep a stop at Rs 2,250 and go short. Add to the position between Rs 2,195 and Rs2,205. Book profits at Rs 2,190.
HDFC
Current price: Rs 1,365
Target price: Rs 1,390
Keep a stop at Rs 1,350 and go long. Add to the position between Rs 1,375 and Rs 1,385. Book profits at Rs 1,390.
PowerGrid
Current price: Rs 207
Target price: Rs 203
Keep a stop at Rs 209 and go short. Add to the position between Rs 204 and Rs 205. Book profits at Rs 203.
Target prices, projected movements in terms of next session, unless otherwise stated
Target prices, projected movements in terms of next session, unless otherwise stated