Today's picks: 7 April, 2017
Nifty, Bank Nifty, ITC, HDFC and Coal India
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Last Updated : Apr 07 2017 | 6:00 AM IST
Nifty
Current: 9,262 (fut: 9,263) Target: NA
Stop-loss long positions at 9,190.
Stop-short positions at 9,325. Big moves could go till 9,375, 9,150. A long 9,200c(65), short 9,100c (40) could gain 10-15 if the market falls below 9,175.
Bank Nifty
Current: 21,623 (futures: 21,615)
Target: NA
Stop-loss short positions at 21,725.
Stop-loss long positions at 21,505. Big moves could go till 21,950, 21,300. A correction looks somewhat more likely.
ITC
Current price: Rs 274
Target price: Rs 278
Keep a stop at Rs 272 and go long. Add to
the position between Rs 276 and Rs 277.
Book profits at Rs 278.
HDFC
Current price: Rs 1,482
Target price: Rs 1,460
Keep a stop at Rs 1,495 and go short. Add to the position between Rs 1,465 and Rs 1,470. Book profits at Rs 1,460.
Coal India
Current price: Rs 286.5
Target price: Rs 282
Keep a stop at 289 and go short. Add to the position between 283-284. Book profits at 282.
Target prices, projected movements in terms of next session, unless otherwise stated