From Bajaj Auto to Bharti Infratel: hot stocks to watch on Thursday

Keep a stop at 3,015 and go long for Bajaj Auto. Add to the position between 3,085 and 3,095

Nifty 

Current: 11,737 (fut: 11,790), 

Target: NA

Stop long positions at 11,675. Stop short positions at 11,900. Be prepared for excess volatility. Big mo­ves could go till 12100, 11,450. Trend will depend on election results. A long May 30 12,100c (87), long 11,500p (110) can be offset with short 11,400p (95), short 12,200c (65). Net cost 37, maximum return 63.

Bank Nifty 

Current: 30,526 (fut: 30,685), 

Target: NA

Stop long positions at 30,525. Stop short positions at 30,900. Be prepared for excess volatility. Big moves could go till 31,100, 30,300. Trend will go with election results.

Bajaj Auto 

Current price: Rs 3,047  

Target price: Rs 3,100 

Keep a stop at 3,015 and go long. Add to the position between 3,085 and 3,095. Book profits at 3,100.

Titan 

Current price: Rs 1,241  

Target price: Rs 1,260

Keep a stop at 1,230 and go long. Add to the position between 1,254 and 1,258. Book profits at 1,260.

Bharti Infratel 

Current price: Rs 269  

Target price: Rs 263

Keep a stop at 272 and go short. Add to the position between 264 and 265. Book profits at 263.

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