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Today's picks: 6 July 2017

Nifty, Bank Nifty, Zee Entertainment, Infosys, Ambuja Cements

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Devangshu Datta
Nifty       
Current: 9,637  (fut: 9,647) Target: NA
Stop-long positions at 9,590. Stop-short positions at 9,705. Big moves could go till 9,750, 9,550 but large resistance between 9,675 and 9,700. A long 9,600p (77), short 9,500p (49) could gain 10-15 if the index tests 9,600.
 
Bank Nifty       
Current: 23,352  (futures: 23,407) 
Target: NA  
Stop-long positions at 23,300. 
Stop-short positions at 23,500. Big 
moves could go till 23,650, 23,150. 
Upside bias more likely.
 
Zee Entertainment           
Current price: Rs 500
Target price: Rs 490
Keep a stop at Rs 505 and go short. Add to the position between Rs