 "Today's picks: From HDFC to Tata Motors, hot stocks to buy on Thursday")
Nifty
Current 11,726 (fut: 11,823),
Target: NA
Stop-long positions at 11,725. Stop-short positions at 11,870. Big moves could go till 11,675, 11925. A long May 30, 11,600p (39), long 11,900c (55) can be offset with short May 02, 11,600p (23), short May 02, 11,900c (15).
Bank Nifty
Current: 29,860 (fut: 30,063),
Also Read
Target: NA
Stop-long positions at 29,900. Stop-short positions at 30,200. Big moves could go till 30,400 - 29,700. The trend is mildly positive.
HDFC
Current price: Rs 1,980
Target price: Rs 2,000
Keep a stop at 1,965 and go long. Add to the position between 1,992 - 1,998. Book
profits at 2,000
Tata Motors
Current price: Rs 223
Target price: Rs 218
Keep a stop at 226 and go short. Add to the position between 219 - 220. Book profits at 218.
HCL
Current price: Rs 1,139
Target price: Rs 1,157
Keep a stop at 1,130 and go
long. Add to the position between 1,150-1,155. Book
profits at 1,157.
Target prices, projected movements in terms of next session, unless otherwise stated .
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