 "From Hindalco to Bharti Infratel, hot stocks to watch on Thursday")
Nifty
Current: 10,858 (fut: 10,880)
Target: NA
Stop-long positions at 10,790. Stop-short positions at 10,960. Big moves could go till 11,025, 10,725. A long 10,700p (132), short 10,600p (105) could gain 15-20 if the index drops till 10,750.
Bank Nifty
Current: 25,070 (fut: 25,145)
Also Read
Target: NA
Stop-long positions at 24,950. Stop-short positions at 25,350. Big moves could go till 25,550, 24,650. Trend Is bearish. Be prepared for excess volatility.
Hindalco
Current price: Rs254
Target price: Rs259
Keep a stop at Rs251 and go long. Add to the position between Rs257 and Rs258.
Book profits at Rs259.
Bharti Infratel
Current price: Rs252
Target price: Rs247
Keep a stop at Rs255 and go short. Add to the position between Rs248 and Rs249.
Book profits at Rs247.
UPL
Current price: Rs642
Target price: Rs630
Keep a stop at Rs649 and go short. Add to the position between Rs632 and Rs635.
Book profits at Rs630.
Target prices, projected movements in terms of next session, unless otherwise stated
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