Today's picks: 30 May, 2017

Nifty , Bank Nifty ,Power Grid, Hind Unilever

Nifty 

Current: 9,605 (fut: 9,609), Target: NA

Stop-long positions at 9,525. Stop-short positions at 9,680. Big moves could go till 9,720, 9,475. A long 9,5000p (75), short 9,400p (50) could gain 10-15 if the futures drops till 9,550.

Bank Nifty 

Current: 23183 (fut: 23130)

Target: NA

Stop-long positions at 23,000. Stop-short positions at 23,250. Big moves could go till 23,450, 22,800. Correction looks likely to continue.

PowerGrid

Current price: Rs 209 

Target price: Rs 213

Keep a stop at Rs 207 and go long. Add to the position between Rs 211 and Rs 212. Book profits at Rs 213.

Sun Pharma 

Current price: Rs 503

Target price: Rs 490

Keep a stop at Rs 508 and go short. Add to the position between Rs 492 and Rs 494. Book profits at Rs 490.

Hind Unilever   

Current price: Rs 1,072 

Target price: Rs 1,085

Keep a stop at Rs 1,065 and go long. Add to the position between Rs 1,080 and Rs 1,083. Book profits at Rs 1,085.

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