Today's picks: 30 March 2017

Nifty, Bank Nifty, HCL Tech, Aurobindo Pharma, Tata Power

Nifty

Current: 9,143 (fut: 9,151) 

Target: NA

Stop-long positions at 90,75. Stop-short positions at 9,225. Big moves could go till 9,275, 9,025. A long 9,100p (9), long 9,200c (7) has breakeven at 9,216, 9,084.

Bank Nifty

Current: 21,391 (futures: 21,411) 

Target: NA

Stop-long positions at 21,300. Stop-short positions at 21,525. Big moves could go till 21,750, 21,050. There may be a small upside bias.  

HCL Tech

Current price: Rs 877

Target price: Rs 865

Keep a stop at Rs 885 and go short. Add to the position between Rs 867 and Rs 870. Book profits at Rs 865.

Aurobindo Pharma 

Current price: Rs 670 

Target price: Rs 680

Keep a stop at Rs 665 and go long. Add to the position between Rs 675 and Rs 678. Book profits at Rs 680.

Tata Power 

Current price: Rs 90

Target price: Rs 92

Keep a stop at Rs 89 and go long. Add to the position between Rs 91 and Rs 91.5. Book profits at Rs 92.

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