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Today's picks- 3 March 2016

Nifty, Bank Nifty, Adani Ports, Coal India & Hero MotoCorp

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Devangshu Datta
NIFTY
Current: 7,369 (futures: 7,368)
Target: NA

Stop-loss long positions at 7,290. Stop-loss short positions at 7,420. Big moves could go till 7,250, 7,500. Stiff resistance at 7,390-7,420. A long 7,500c (80), short 7,600c (49) could gain 10-15 if the futures hits 7,450.

BANK NIFTY
Current: 15,092 (fut: 15,130)
Target: NA

Stop-loss short positions at 15,255. Stop-loss long positions at 14,995. Big moves could go till 15,450, 14,800. Lot of resistance between 15,150 and 15,200.

ADANI PORTS
Current price: Rs 219
Target price: Rs 214

Keep a stop at Rs 222 and go short. Add to the position between Rs 215 and Rs 216. Book profits at Rs 214.
 
COAL INDIA
Current price: Rs 311
Target price: Rs 305

Keep a stop at Rs 314 and go short. Add to the position between Rs 306 and Rs 307. Book profits at Rs 305.

HERO MOTOCORP
Current price: Rs 2,807
Target price: Rs 2,850

Keep a stop at Rs 2,775 and go long. Add to the position between Rs 2,835 and Rs 2,845. Book profits at Rs 2,850.

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

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First Published: Mar 03 2016 | 6:00 AM IST

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