Today's picks: 2 May, 2017

Nifty, Bank Nifty, Hindalco, Maruti Suzuki, Bharti Infratel

Nifty      

Current: 9,304 (fut: 9,330)

Target: NA

Stop long positions at 9,270. Stop short positions at 9,400. Big moves could go till 9,450 and 9,210. A long 9,300p (84), short 9,200p (55) could gain 10-15 if the correction continues till below 9,300

 

Bank Nifty      

Current: 22,358   (futures: 22,370)

Target: NA 

Stop long positions at 22,250. Stop short positions at 22,500. Big moves could go till 22,725 and 22,000. Corrections could find support at 22,150-22,175

 

Hindalco           

Current price: Rs 199

Target price: Rs 203

Keep a stop at Rs 197 and go long. Add to the position between Rs 201 and Rs 202. Book profits at Rs 203

 

Maruti Suzuki   

Current: Rs 6,543  

Target: Rs 6,425

Keep a stop at Rs 6,600 and go short. Add to the position between Rs 6,435 and Rs 6,450. Book profits at Rs 6,425

 

Bharti Infratel         

Current: Rs 355 

Target: Rs 348

Keep a stop at Rs 358 and go short. Add to the position between Rs 350 and Rs 352. Book profits at Rs 348    

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Target prices and projected movements in terms of next session, unless otherwise stated Devangshu Datta