Today's picks: 12 April, 2017
Nifty, Bank Nifty, ITC, Larsen & Toubro, Zee Entertainment
premium
Last Updated : Apr 12 2017 | 6:00 AM IST
Nifty
Current: 9,237 (fut: 9,267)
Target: NA
Stop-short positions at 9,325. Stop-long positions at 9,195. Big moves could go till 9,400, 9,125. A wide strangle with long 9,400c (23), long 9,100p (29) could gain 10-15 if the index swings by 75 points.
Bank Nifty
Current: 21,736 (futures: 21,755)
Target: NA
Stop-long positions at 21,650. Stop-short positions at 21,850. Big moves could go till 22,100, 21,400. The Financial index hit a new all time high and a pullback seems slightly more likely.
ITC
Current price: Rs 282
Target price: Rs 287
Keep a stop at Rs 280 and go long. Add to the position between Rs 285 and Rs 286. Book profits at Rs 287.
Larsen & Toubro
Current price: Rs 1,704
Target price: Rs 1,675
Keep a stop at Rs 1,720 and go short. Add to the position between Rs 1,680 and Rs 1,685. Book profits at Rs 1,675.
Zee Entertainment
Current price: Rs 540
Target price: Rs 550
Keep a stop at Rs 535 and go long. Add to the position between Rs 547 and Rs 549. Book profits at Rs 550.