Today's picks: 31 March 2017
Nifty, Bank Nifty, Ambuja Cements, GAIL, BHEL
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Last Updated : Mar 31 2017 | 12:00 AM IST
Nifty
Current: 9,173 (fut: 9,175) Target: NA
Stop-long positions at 9,095. Stop-short positions at 9,255, Big moves could go till 9,300, 9,050. Big resistance at 9,225-9,250. A long 9,300c (60), short 9,400c (32) could gain 10-15 if the index moves past 9,225.
Bank Nifty
Current: 21,620 (futures: 21,530)
Target: NA
Stop-loss long positions at 21,420.
Stop-short positions at 21,630. Index likely to open high and it could target 21,800.
Ambuja Cements
Current price: Rs 234
Target price: Rs 239
Keep a stop at Rs 232 and go long. Add to the position between Rs 237 and Rs 238.
Book profits at Rs 239.
GAIL
Current price: Rs 379
Target price: Rs 385
Keep a stop at Rs 376 and go long. Add to the position between Rs 382 and Rs 383. Book profits at Rs 385.
BHEL
Current price: Rs 165
Target price: Rs 161
Keep a stop at Rs 167 and go short. Add
to the position between Rs 162 and Rs 163. Book profits at Rs 161.
Target prices, projected movements in terms of next session, unless otherwise stated Devangshu Datta