<b>Today's Picks:</b> 28 February, 2017

Nifty, Bank Nifty, Aurobindo Pharma, Zee Entertainment and PowerGrid

Nifty       
 

Current: 8,896  (fut: 8,919) Target: NA

Stop-loss long positions at 8,850. Stop-loss short positions at 8,990. Big moves could go till 9,050, 8,800. A long 8,800p (84), short 8,700p (58) could gain 10-15 if the futures dips below 8,850.

Bank Nifty       
 

Current: 20,613  (futures: 20,678) 

Target: NA  

Stop-long positions at 20,550. Stop-short positions at 20,800. Big moves could go till 21,000, 20,350. Reaction could continue.

Aurobindo Pharma    
      

Current price: Rs 679 

Target price: Rs 690

Keep a stop at Rs 673 and go long. Add to the position between Rs 685 and Rs 688. Book profits at Rs 690.

Zee Entertainment  
 

Current price: Rs 504   

Target price: Rs 492

Keep a stop at Rs 510 and go short. Add to the position between Rs 495 and Rs 497. Book profits at Rs 492. 

PowerGrid          
 

Current price: Rs 193  

Target price: Rs 189

Keep a stop at Rs 195 and go short. Add to the position between Rs 190 and Rs 191. Book profits at Rs 189.
 

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