Today's Picks: August 3, 2017

Nifty, Bank Nifty, Dr Reddy's, NTPC, Tata Motors

Nifty       

Current: 10,081  (fut: 10,081) Target: NA

Stop-long positions at 10,000. Stop-short positions at 10,150. Big moves could go till 10,200, 9,975. A long 10,000p (90), short 9,900p (62) could gain 10-15 if 10,000 support is tested. 

Bank Nifty       

Current: 25,055  (futures: 25,042) 

Target: NA  

Stop-long positions at 24,950. 

Stop-short positions at 25,150. Big 

moves could go till 24,750, 25,400. Correction likely to continue and may test support at 24,850. 

Dr Reddy's           

Current price: Rs 2,378

Target price: Rs 2,335

Keep a stop at Rs 2,400 and go short. 

Add to the position between Rs 2,345 and Rs 2,355. Book profits at Rs 2,335.

NTPC  

Current price: Rs 172   

Target price: Rs 176

Keep a stop at Rs 170 and go long. Add to the position between Rs 174 and Rs 175. Book profits at Rs 176. 

Tata Motors        

Current price: Rs 440

Target price: Rs 436

Keep a stop at Rs 445 and go short. 

Add to the position between Rs 438 and Rs 440. Book profits at Rs 436.