Today's picks: From Cipla to BPCL, hot stocks to watch on Thursday

Keep a stop at Rs 563 and go short. Add to the position between Rs 550 and Rs 553. Book profits at Rs 547

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Devangshu Datta
Last Updated : May 17 2018 | 6:30 AM IST
Nifty       
 
Current: 10,742 (fut: 10,763) Target: NA
 
Stop-long positions at 10,690
 
Stop-short positions at 10,850. Big moves could go till 10,900, 10,600. A long 10,600p (46), 10,900c (39) has breakevens at 10,985, 10,515 and it will gain if there's a big breakout.

Bank Nifty     
 
Current: 26,182   (futures: 26,218

Target: NA 

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Stop-long positions at 26,075

Stop-short positions at 26,375. Big moves could go till 26,600, 25,800. Trend looks bearish.

Hindustan Unilever             

Current price: Rs 1,574

Target price: Rs 1,600

Keep a stop at Rs 1,560 and go long. Add to the position between Rs 1,590 and Rs 1,595. Book profits at Rs 1,600.

Cipla 

Current price: Rs 560 

Target price: Rs 547

Keep a stop at Rs 563 and go short. Add to the position between Rs 550 and Rs 553. Book profits at Rs 547.

BPCL        
 
Current price: Rs 397 

Target price: Rs 390

Keep a stop at Rs 400 and go short. Add to the position between Rs 391 and Rs 393. Book profits at Rs 390. 


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