Today's picks: 3 May, 2017
Nifty, Bank Nifty, ONGC, Dr Reddy's, Tata Steel
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Last Updated : May 03 2017 | 6:00 AM IST
Nifty
Current: 9,315 (fut: 9,342), Target: NA
Stop-long positions at 9,270.
Stop-short positions at 9,410. Big moves could go till 9,450, 9,225. Along 9,300p (78), short 9,200p (50) could gain 10-15 if the index dips till 9,270.
Bank Nifty
Current: 22,341 (fut: 22,395)
Target: NA
Stop-long positions at 22,290. Stop-short positions at 22,500. Big moves could go till 22,750, 22,050. A correction looks slightly more likely.
ONGC
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.
Dr Reddy's
Current price: Rs 2,582
Target price: Rs 2,540
Keep a stop at Rs 2,610 and go short. Add to the position between Rs 2,550 and Rs 2,560. Book profit at Rs 2,540.
Tata Steel
Current price: Rs 445
Target price: Rs 436
Keep a stop at Rs 450 and go short. Add to the position between Rs 439 and Rs 441. Book profits at Rs 436.
Target prices, projected movements in terms of next session, unless otherwise stated