From Infosys to Tata Steel, hot stocks to watch on Thursday

For Tata Steel, keep a stop at 498 and go short

Nifty

 

Current: 10,792  (fut: 10,825)

 

Target: NA

 

Stop-long positions at 10,745. Stop-short positions at 10,905. Big moves could go till 10,950, 10,700. A long  10700p (137), short 10600p (105) could gain 15-20 if the futures drops below 10,725.

 

Bank Nifty

 

Current: 27,174   (futures: 27,275)

 

Target: NA 

 

Stop-long positions at 27,125. Stop-short positions at 27,425. Big moves could go till 27,650, 26,875. Trend could stay negative.

 

Infosys

 

Current price: Rs 669

 

Target price: Rs 680

 

Keep a stop at 664 and go long. Add to the position between 676-678.  Book profits at 680. 

 

Tata Steel    

 

Current price: Rs 494

 

Target price: Rs 486

 

Keep a stop at 498 and go short. Add to the position between 488-490.  Book profits at 486.

 

Maruti        

 

Current price: Rs 7,268   

 

Target price: Rs 7,150

 

Keep a stop at 7320 and go short . Add to the position between 7170-7200.  Book profits at 7150.

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