Today's picks- 2 March 2016

Nifty, Bank Nifty, Indiabulls Housing, ITC & L&T

NIFTY

Current: 7,222 (futures: 7,236)
Target: NA
Stop long positions at 7,170. Stop short positions at 7,305. Big moves could go till 7,100, 7,350. A long 7,400c (70), short 7,500c (42) would gain 10-15 if the futures hits 7,300.

BANK NIFTY

Current: 14,412 (futures: 14,475)
Stop long positions at 14,290. Stop short positions at 14,600. Big moves could go till 14,800, 14,150. Major resistance at 14,600-14,650.

INDIABULLS HOUSING

Current: Rs 624
Target: Rs 610
Keep a stop at Rs 630 and go short. Add to the position between Rs 612-Rs 615. Book profits at Rs 610

ITC

Current: Rs 325
  Target: Rs 310
Keep a stop at Rs 329 and go short. Add to the position between Rs 317-Rs 319. Book profits at Rs 315.

L&T

Current: Rs 1,125
Target: Rs 1,145
Keep a stop at 1,115 and go long. Add to the position between Rs 1135-Rs 1140. Book profits at Rs 1,145

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Target prices, projected movements in terms of next session, unless otherwise stated; Nifty and Nifty Bank prices are for futures, rest for cash segment