Today's picks: 24, March 2017

Nifty, Bank Nifty, Coal India, Zee Entertainment, Hindustan Unilever

Nifty

Current: 9,086 (fut: 9,104) Target: NA

Stop-long positions at 9,030. Stop-short positions at 9,180. Big move could go till 9,225, 8,980. A long 9100p (49), short 9,000p (19) could gain 15-20 if the index falls till 9,050.

 

Bank Nifty

Current: 20,895   (futures: 20,941)

Target: NA 

Stop-loss long positions at 20,825. Stop- short positions at 21,050. Big moves could go till 21,300, 20,600. The Nifty Bank could see another correction before settlement.

 

Coal India   

Current price: Rs 296

Target price: Rs 290

Keep a stop at Rs 299 and go short. Add to the position between Rs 292 and Rs 293. Book profits at Rs 290.

 

Zee Entertainment

Current price: Rs 523 

Target price: Rs 532

Keep a stop at Rs 517 and go long. Add to the position between Rs 528 and Rs 530. Book profits at Rs 532.  

 

Hindustan Unilever        

Current price: Rs 902

Target price: Rs 880

Keep a stop at Rs 910 and go short. Add

to the position between Rs 885 and Rs 890. Book profits at Rs 880.

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