Today's Picks: 4 July 2017

Nifty, Bank Nifty , ITC, Hindustan Unilever, Lupin

Nifty       

Current: 9,615 (fut: 9,628) Target: NA

Stop-long positions at 9,570. Stop-short positions at 9,700. Big moves could go till 9,500, 9,750. A long 9,700c (62), short 9,800c (30)could gain 10-15 if the index tests 9,700.

Bank Nifty       

Current: 23,272  (futures: 23,325) Target: NA  

Stop-long positions at 23,225. Stop-short positions at 23,425. Big 

moves could go till 23,000, 23,650. May be a downside bias. 

ITC           

Current price: Rs 342 

Target price: Rs 348

Keep a stop at Rs 338 and go long. Add to the position between Rs 346 and Rs 347. Book profits at Rs 348.

Hindustan Unilever    

Current price: Rs 1,098  

Target price: Rs 1,120

Keep a stop at Rs 1,090 and go long. Add to the position between Rs 1,110 and Rs 1,115. Book profits at Rs 1,120. 

Lupin        

Current price: Rs 1,054  

Target price: Rs 1,035

Keep a stop at Rs 1,065 and go short. Add to the position between Rs 1,040 and Rs 1,045. Book profits at Rs 1,035.

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