Today's picks: From Tata Motors to CIL, hot stocks to watch on Thursday

Nifty, Bank Nifty, Hindalco, Tata Motors and Coal India

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Business Standard
Last Updated : Jan 24 2018 | 6:30 AM IST
Nifty 

Current: 11,084 (fut: 11,085), Target: NA
Stop-long positions at 11,000. Stop-short positions at 11,150. Big moves could go till 11,200, 10,950. A long 11,000p (19) short 10,900p (9) could gain 1'5-20 if the index reacts down to 11,100 in the next two sessions.

Bank Nifty 

Current: 27,390 (fut: 27,382)
Target: NA

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Stop-long positions at 27,275. Stop-short positions at 27,500. Big moves could go till 27,025, 27,700. Profit-booking likely in the next two sessions.

Hindalco 

Current price: Rs 265
Target price: Rs 270
Keep a stop at Rs 262 and go 
long. Add to the position between Rs 268 and Rs 269. Book profits at Rs 270.

Tata Motors
 
Current price: Rs 418
Target price: Rs 426
Keep a stop at Rs 414 and go 
long. Add to the position between Rs 423 and Rs 425. Book profits at Rs 426.


Coal India 
 
Current price: Rs 293 
Target price: Rs 288
Keep a stop at Rs 296 and go short. Add to the position between Rs 289 and Rs 290. Book profits at Rs 288.
Target prices, projected movements in terms of next session, unless otherwise stated

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