Today's picks: 2 June, 2017

Nifty, Bank Nifty, Vedanta, Hind Unilever, Tech Mahindra

Nifty 

Current: 9,616 (fut: 9,630), Target: NA

Stop-long positions at 95,70. Stop-short positions at 9,700. Big moves could go till 9,750, 9,500. A long 9,500p (58), short 9,400p (38) could gain 10-15 if the futures drops till 9,500.

Bank Nifty 

Current: 23,310 (fut: 23,288)

Target: NA

Stop-long positions at 23,190. Stop-short positions at 23,375. Big moves could go till 23,650, 22,950. Next support at 23,100 if the correction continues.

Vedanta

Current price: Rs 231 

Target price: Rs 226 

Keep a stop at Rs 233 and go short. Add to the position between Rs 228 and Rs 229. Book profits at Rs 226.

Hind Unilever 

Current price: Rs 1,095

Target price: Rs 1,115

Keep a stop at Rs 1,085 and go long. Add to the position between Rs 1,105 and Rs 1,110. 

Book profits at Rs 1,115.

Tech Mahindra   

Current price: Rs 398 

Target price: Rs 390

Keep a stop at Rs 402 and go short. Add to the position between Rs 391 and Rs 394. 

Book profits at Rs 390.

Target prices, projected movements in terms of next session, unless otherwise stated