<b>Today's Picks:</b> 7 March, 2017

Nifty, BHEL, Ambuja Cement

Nifty
Current: 8,963 (fut: 8,978) 

Target: NA

Stop-long positions at 8,895. Stop-short positions at 9,025. Big moves could go  till 9,100, 8,850. A long 9,100c (64), short 9,200c (36) could gain 10-15 if the futures hits tests 9,050.

Bank Nifty       

Current: 20,664 (fut: 20,740) 

Target: NA  

Stop-long positions at 20,625. Stop-short positions at 20,870. Big moves could go till 21,050, 20,450. Momentum looks positive.

BHEL            

Current price: Rs 161  

Target price: Rs 165

Keep a stop at Rs 159 and go long. Add to the position between Rs 163 and Rs 164. Book profits at Rs 165.

Ambuja Cement  

Current price: Rs 225  

Target price: Rs 220

Keep a stop at Rs 227 and go short. Add to the position between Rs 221 and Rs 222. Book profits at Rs 220.

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