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Today's picks: 3 May, 2017

Nifty, Bank Nifty, ONGC, Dr Reddy's, Tata Steel

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Devangshu Datta Mumbai
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: