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Today's picks: 4 May, 2017

Nifty, Bank Nifty, Aurobindo Pharma, Power Grid, HDFC

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Devangshu Datta Mumbai
Nifty      
Current: 9,312 (fut: 9,336) Target: NA
Stop-long positions at 9,250. Stop-short positions at 9,410. Big moves could go till 9,225, 9,450. A long 9,300p (81), short 9,200p (51) could gain 10-15 if the index falls till 9,270.
 
Bank Nifty      
Current: 22,307   (futures: 22,341)
Target: NA 
Stop-loss short positions at 22,450. Stop-loss long positions at 22,225. Big moves could go till 22,700, 22,000. Maybe a volatile session with negative bias.
 
Aurobindo Pharma           
Current price: Rs 585
Target price: Rs 575
Keep a stop at Rs 590 and go short. Add to the