Today's picks: 6 July 2017

Nifty, Bank Nifty, Zee Entertainment, Infosys, Ambuja Cements

Nifty       

Current: 9,637  (fut: 9,647) Target: NA

Stop-long positions at 9,590. Stop-short positions at 9,705. Big moves could go till 9,750, 9,550 but large resistance between 9,675 and 9,700. A long 9,600p (77), short 9,500p (49) could gain 10-15 if the index tests 9,600.
 

Bank Nifty       

Current: 23,352  (futures: 23,407) 

Target: NA  

Stop-long positions at 23,300. 

Stop-short positions at 23,500. Big 

moves could go till 23,650, 23,150. 

Upside bias more likely.
 

Zee Entertainment           

Current price: Rs 500

Target price: Rs 490

Keep a stop at Rs 505 and go short. Add to the position between Rs