Today's picks: 6 July 2017

Nifty, Bank Nifty, Zee Entertainment, Infosys, Ambuja Cements

Nifty       

Current: 9,637  (fut: 9,647) Target: NA

Stop-long positions at 9,590. Stop-short positions at 9,705. Big moves could go till 9,750, 9,550 but large resistance between 9,675 and 9,700. A long 9,600p (77), short 9,500p (49) could gain 10-15 if the index tests 9,600.
 

Bank Nifty       

Current: 23,352  (futures: 23,407) 

Target: NA  

Stop-long positions at 23,300. 

Stop-short positions at 23,500. Big 

moves could go till 23,650, 23,150. 

Upside bias more likely.
 

Zee Entertainment           

Current price: Rs 500

Target price: Rs 490

Keep a stop at Rs 505 and go short. Add to the position between Rs 492 and Rs 495. Book profits at Rs 490. 

Infosys    

Current price: Rs 951   

Target price: Rs 930

Keep a stop at Rs 960 and go short. Add to the position between Rs 935 and Rs 940. Book profits at Rs 930. 

Ambuja Cements         

Current price: Rs 253 

Target price: Rs 258

Keep a stop at Rs 250 and go long. Add to the position between Rs 256 and Rs 257.  Book profits at Rs 258.

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