<b>Today's picks</b>: 17 February, 2017
Nifty, Bank Nifty, Larsen & Toubro, Coal India, Tech Mahindra
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Last Updated : Feb 17 2017 | 6:00 AM IST
Nifty
Current: 8,778 (fut: 8,785), Target: NA
Stop-long positions at 8,7710. Stop-short positions at 8,860.
Big moves could go till 8,650, 8,910. A long 8,800c (47), short 8,900c (14) could gain 10-15 if the futures tests 8,850.
Bank Nifty
Current: 20,243 (futures: 20,302), Target: NA
Stop-long positions at 20,195. Stop-short positions at 20,405. Big moves can go till 20,650, 20,000. Index likely to have an upside bias.
Larsen & Toubro
Current price: Rs 1,470, Target price: Rs 1,440
Keep a stop at Rs 1,485 and go short. Add to the position between Rs 1,445 and Rs 1,455. Book profits at Rs 1,440.
Coal India
Current: Rs 318, Target: Rs 312
Keep a stop at Rs 321 and go short. Add to the position between Rs 313 and Rs 314. Book profits at Rs 312.
Tech Mahindra
Current: Rs 505, Target: Rs 515
Keep a stop at Rs 500 and go long. Add to the position between Rs 512 and Rs 514. Book profits at Rs 515.
Target prices, projected movements in terms of next session, unless otherwise stated