Today's Picks: August 2, 2017

Nifty, Bank Nifty, HDFC, Indiabulls Housing, Hindalco

Nifty 
 

Current: 10,114 (fut: 10,147), Target: NA

Stop-long positions at 10,075. Stop-short positions at 10,225. Big moves could go till 10,275, 10,025. Expect high volatility. A short 10,000p (72) and a short 10,300c (52) would make a profit if the market doesn't swing much. This can be offset with a long 9,900p (51), long 10,400c (27).  
 

Bank Nifty 

Current: 25,122 (fut: 25,200) 

Target: NA

Stop-long positions at 25,025. Stop-short positions at 25,350. Big moves could go till 25,600, 24,800. Expect high volatility today with trend depending on RBI policy review. 
 

HDFC

Current price: Rs 1,779 Target: NA

Stop-long positions at Rs 1,755. Stop-short