Today's picks: 9 May, 2017
Nifty, Bank Nifty, ACC, Adani Ports, Larsen & Toubro
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Last Updated : May 09 2017 | 6:00 AM IST
Nifty
Current: 9,314 (fut: 9,345) Target: NA
Stop-long positions at 9,270. Stop-short positions at 9,420. Big moves could go till 9,475, 9,225. A long 9,300p (62), short 9,200p (37) could gain 10-15 if the futures falls below 9,300.
Bank Nifty
Current: 22,801 (futures: 22,786)
Target: NA
Stop-long positions at 22,675. Stop-short positions at 22,900. Big moves could go till 23,100, 22,450. The index may be ready for a correction after several up-sessions.
ACC
Current price: Rs 1,711
Target price: Rs 1,740
Keep a stop at Rs 1,695 and go long. Add to the position between Rs 1,730 and Rs 1,735. Book profits at Rs 1,740.
Adani Ports
Current price: Rs 340
Target price: Rs 335
Keep a stop at Rs 343 and go short. Add to the position between Rs 336 and Rs 337. Book profits at Rs 335.
Larsen & Toubro
Current price: Rs 1,710
Target price: Rs 1,680
Keep a stop at Rs 1,725 and go short.
Add to the position between Rs 1,685 and Rs 1,690. Book profits at Rs 1,680.
Target prices, projected movements in terms of next session, unless otherwise stated