Today's picks: 7 April, 2017

Nifty, Bank Nifty, ITC, HDFC and Coal India

Nifty       

Current: 9,262 (fut: 9,263) Target: NA

Stop-loss long positions at 9,190. 

Stop-short positions at 9,325. Big moves could go till 9,375, 9,150. A long 9,200c(65), short 9,100c (40) could gain 10-15 if the market falls below 9,175.

Bank Nifty       

Current: 21,623  (futures: 21,615) 

Target: NA  

Stop-loss short positions at 21,725. 

Stop-loss long positions at 21,505. Big moves could go till 21,950, 21,300. A correction looks somewhat more likely.

ITC           

Current price: Rs 274 

Target price: Rs 278

Keep a stop at Rs 272 and go long. Add to 

the position between Rs 276 and Rs 277. 

Book profits at Rs 278.

HDFC