Today's picks: 7 September 2017
Nifty, Bank Nifty, Tata Motors, Bharti Airtel and Hindalco
premium
Last Updated : Sep 07 2017 | 6:00 AM IST
Nifty
Current: 9,916 (fut: 9,943) Target: NA
Stop-long positions at 9,850.
Stop-short positions at 9,975.
Big moves could go till 10,025, 9,800.
A long 9,900p (97), short 9,800p (67) could gain 15-20 if the index tests 9,850.
Bank Nifty
Current: 24,279 (fut: 24,316)
Target: NA
Stop-long positions at 24,200.
Stop-short positions at 24,450.
Big moves could go till 24,600, 24,000.
Probability that 24,200 support will be tested again.
Tata Motors
Current price: Rs 383
Target price: Rs 377
Keep a stop at Rs 387 and go short.
Add to the position between Rs 378 and Rs 379.
Book profits at Rs 377.
Bharti Airtel
Current price: Rs 402
Target price: Rs 395
Keep a stop at Rs 406 and go short.
Add to the position between Rs 396 and Rs 397.
Book profits at Rs 395.
Hindalco
Current price: Rs 246
Target price: Rs 250
Keep a stop at Rs 244 and go long.
Add to the position between Rs 248 and Rs 249.
Book profits at Rs 250.
Target prices, projected movements in terms of next session, unless otherwise stated