Business Standard

Today's picks: 12 April, 2017

Nifty, Bank Nifty, ITC, Larsen & Toubro, Zee Entertainment

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Devangshu Datta
Nifty
 
      
Current: 9,237   (fut: 9,267)

Target: NA

Stop-short positions at 9,325. Stop-long positions at 9,195. Big moves could go till 9,400, 9,125. A wide strangle with long 9,400c (23), long 9,100p (29) could gain 10-15 if the index swings by 75 points.

Bank Nifty       

Current: 21,736   (futures: 21,755)

Target: NA  

Stop-long positions at 21,650. Stop-short positions at 21,850. Big moves could go till 22,100, 21,400. The Financial index hit a new all time high and a pullback seems slightly more likely.

ITC          

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