 "Today's picks: Asian Paints to Hindalco, hot stocks to watch on Thursday")
Nifty
Current: 12,221 (12,247)
Target: NA
Stop long positions at 12,170. Stop short positions at 12,325. Big moves could go till 12,075, 12,425. A long Dec 26 12,000p (18), 11,000p (12) could gain 15-20 if there's a correction till 12,000.
Bank Nifty
Current: 32,240 (32,310)
Also Read
Target: NA
Stop long positions at 31,125. Stop short positions at 32,475. Big moves could go till 32,650, 31,975. Trend could reverse upon profit booking.
Asian Paints
Current: Rs 1,778
Target: Rs 1,810
Keep a stop at 1,760 and go long. Add to the position between 1,800-1,805. Book Profits at 1,810.
GAIL
Current: Rs 117.5
Target: Rs 113.5
Keep a stop at 119.5 and go short. Add to position between 114-115. Book profits at 113.5.
Hindalco
Current: Rs 214
Target: Rs 218
Keep a stop at 212 and go long. Add to the position between 216-217. Book profits at 218.
Target prices, projected movements in terms of next session, unless otherwise stated
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