Today's picks: From Hindalco to GAIL, hot stocks to watch on Thursday

Nifty, Bank Nifty, Hindalco, GAIL, Zee Entertainment

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Devangshu Datta
Last Updated : Nov 28 2018 | 11:59 PM IST
Nifty      
Current: 10,729  (fut: 10,712) Target: NA
Stop-long positions at 10,650. Stop-short positions at 10,775. Big moves could go till 10,825, 10,600 but movement likely to be muted on settlement. A short Dec 10900c (122), short Dec 10500p (119) can be sold with intention of buying back on Friday when premiums should be lower.

Bank Nifty       
Current: 26,458   (futures: 26,408
Target: NA  

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Stop-long positions at 26,300. Stop-short positions at 26,525. Big moves could go till 26,700, 26,100. Trend is negative but short covering could shore up the index until settlement.

Hindalco            
Current price: Rs 216 
Target price: Rs 212
Keep a stop at 218 and go short. Add 
to the position between 213-214.  
Book profits at 212. 

GAIL     
Current price: Rs 339  
Target price: Rs 330
Keep a stop at 342 and go short. 
Add to the position between 331-332.  Book profits at 330.

Zee Entertainment          
Current price: Rs 477    
Target price: Rs 485
Keep a stop at 473 and go long. 
Add to the position between 480-482.  Book profits at 485.

Target prices, projected movements in terms ofnext session, unless otherwise stated Devangshu Datta

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