Today's picks: 7 July, 2017

Nifty, Nifty Bank, Sun Pharma, Bharti Airtel and ITC

Nifty 

Current: 9,674 (fut: 9,668), Target: NA

Stop-long positions at 9,600. Stop-short positions at 9,725. Big moves could go till 9,775, 9,550 but large resistances between 9,675 and 9,700. A long 9,600p (64), short 9,500p (40) could gain 10-15 if the index tests 9,600. 

Nifty Bank

Current: 23,466 (fut: 23,473), Target: NA

Stop-long positions at 23,375. Stop-short positions at 23,575. Big moves could go till 23,750, 23,175. Support between 23,425 and 23,450 is critical. 

Sun Pharma 

Current price: Rs 545 Target price: Rs 535

Keep a stop at Rs 550  and go short. Add to the position between Rs 537 and Rs 539. Book profits