Today's picks: From L&T to Wipro, hot stocks to buy on Thursday

For Larsen & Turbo, keep a stop at Rs 1,275 and go long

Nifty 
 

Current: 10,806 (fut 10,800)
 

Target: NA
 

Stop-long positions at 10,725. Stop-short positions at 10,875. Big moves could go till 10,950, 10,650. Newsflow will be critical but trend may be down. A long march7 10,600p (61) , long 11,000c (31) can be offset with short March7 10,500p (44), short March 7 11,100c (14).

Bank Nifty 
 

Current: 26,797 (fut: 26,799) 
 

Target: NA
 

Stop-long positions at 26,650. Stop-short positions at 26,950. Big moves could go till 27,150, 26,400. Trend Is down but newsflow may be critical.

Larsen & Toubro
 

Current price: Rs 1,285
 

Target price: Rs 1,310
 

Keep a stop at Rs 1,275 and go long. Add to the position between Rs 1,300 and Rs 1,305. Book profits at Rs 1,310.

Indian Oil Corporation   
 

Current price: Rs 141
 

Target price: Rs 136
 

Keep a stop at Rs 143 and go short. Add to the position between Rs 137 and Rs 138. 

Book profits at Rs 136.

Wipro  
 

Current price: Rs 375
 

Target price: Rs 381
 

Keep a stop at Rs 372 and go long.  Add to the position between Rs 379 and Rs 380. 

Book profits at Rs 381.

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