Today's picks: 2 June, 2017
Nifty, Bank Nifty, Vedanta, Hind Unilever, Tech Mahindra
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Last Updated : Jun 01 2017 | 11:55 PM IST
Nifty
Current: 9,616 (fut: 9,630), Target: NA
Stop-long positions at 95,70. Stop-short positions at 9,700. Big moves could go till 9,750, 9,500. A long 9,500p (58), short 9,400p (38) could gain 10-15 if the futures drops till 9,500.
Bank Nifty
Current: 23,310 (fut: 23,288)
Target: NA
Stop-long positions at 23,190. Stop-short positions at 23,375. Big moves could go till 23,650, 22,950. Next support at 23,100 if the correction continues.
Vedanta
Current price: Rs 231
Target price: Rs 226
Keep a stop at Rs 233 and go short. Add to the position between Rs 228 and Rs 229. Book profits at Rs 226.
Hind Unilever
Current price: Rs 1,095
Target price: Rs 1,115
Keep a stop at Rs 1,085 and go long. Add to the position between Rs 1,105 and Rs 1,110.
Book profits at Rs 1,115.
Tech Mahindra
Current price: Rs 398
Target price: Rs 390
Keep a stop at Rs 402 and go short. Add to the position between Rs 391 and Rs 394.
Book profits at Rs 390.
Target prices, projected movements in terms of next session, unless otherwise stated