Today's picks: 24 May, 2017

Nifty, Bank Nifty, Hindalco, Coal India, Aurobindo Pharma

Nifty       

Current: 9,386  (fut: 9,388) Target: NA

Stop short positions at 9,450 and long positions at 9,325. Big moves could go till 9,500, 9,295. A long 9,300p (23), short 9,200p (12) could double or triple in value if the index drops to 9,300.   

Bank Nifty       

Current: 22,582  (futures: 22,575) 

Target: NA  

Stop long positions at 22,475. stop short positions at 22,675. Big moves could go till 22,250, 22,900. Correction may continue

Hindalco            

Current price: Rs 192  

Target price: Rs 196

Keep a stop at Rs 190 and go long. Add to the position between Rs 194 and Rs 195. Book profits at Rs 196

Coal India    

Current price: Rs 268  

Target price: Rs 263

Keep a stop at Rs 270 and go short. Add to the position between Rs 264 and Rs 265. Book profits at Rs 263.

Aurobindo Pharma          

Current price: Rs 542 

Target price: Rs 532

Keep a stop at Rs 547 and go short. Add to the position between Rs 533 and Rs 534. Book profits at Rs 532.

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