Today's picks: From TechM to Adani Ports, hot stocks to buy on Thursday
For Bajaj Finserv, keep a stop at Rs 6,150 and go long
 "Today's picks: From TechM to Adani Ports, hot stocks to buy on Thursday")
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Nifty
Current: 11,062 (fut: 11,098)
Target: NA
Stop-long positions at 10,990. Stop-short positions at 11,205. Big moves could go till 11,275, 10,900. Extra volatility likely. Trend will depend on MPC. A long 11,300c (58), long 10,900p (84) can be offset with short 11,400c (32), short 10,800p (63).
Bank Nifty
Current: 27,402 (fut: 27,466)
Also Read
Target: NA
Stop-long positions at 27,275.
Stop-short positions at 27,625. Big moves could go till 28,000, 26,900. Extra volatility likely due to MPC. If there’s a rate cut, PSU banks may outperform.
Bajaj Finserv
Current price: Rs 6,209
Target price: Rs 6,310
Keep a stop at Rs 6,150 and go long. Add to the position between Rs 6,275 and Rs 6,300. Book profits at Rs 6,310.
Tech Mahindra
Current price: Rs 812
Target price: Rs 825
Keep a stop at Rs 805 and go long. Add to the position between Rs 820 and Rs 823.
Rs Book profits at 825.
Adani Ports
Current price: Rs 330
Target price: Rs 324
Keep a stop at Rs 333 and go short. Add to the position between Rs 325 and Rs 326.
Book profits at Rs 324
Target prices, projected movements in terms of next session, unless otherwise stated
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