Today's picks: 6 July 2017
Nifty, Bank Nifty, Zee Entertainment, Infosys, Ambuja Cements
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Last Updated : Jul 06 2017 | 6:00 AM IST
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 492 and Rs 495. Book profits at Rs 490.
Infosys
Current price: Rs 951
Target price: Rs 930
Keep a stop at Rs 960 and go short. Add to the position between Rs 935 and Rs 940. Book profits at Rs 930.
Ambuja Cements
Current price: Rs 253
Target price: Rs 258
Keep a stop at Rs 250 and go long. Add to the position between Rs 256 and Rs 257. Book profits at Rs 258.
Target prices, projected movements in terms of next session, unless otherwise stated