 "Today's picks: From Wipro to ZEEL, hot stocks to buy on Thursday")
Nifty
Current: 11,053 (fut 11,086)
Target: NA
Stop-long positions at 11,000. Stop-short positions at 11,155.
Big moves could go till 11,225, 10,950. A long Mar 25 11,200c (26), short 11,300c (9) could gain 15-20 if the Nifty futures moves till 11,150.
Bank Nifty
Also Read
Current: 27,625 (fut: 27,700)
Target: NA
Stop-long positions at 27,550. Stop-short positions at 27,850.
Big moves could go till 28,050, 27,350. Momentum indicators suggest the Bank Nifty may see a selloff in the next two sessions. A short Mar 14 27,000p (67), long Mar 28, 27,000p (175) costs 108 with a likely breakeven at 26,875.
Wipro
Current price: Rs 277
Target price: Rs 282
Keep a stop at Rs 275 and go long. Add to the position between Rs 280 and Rs 281.
Book profits at Rs 282.
UPL
Current price: Rs 877
Target price: Rs 890
Keep a stop at Rs 870 and go long. Add to the position between Rs 886 and Rs 889.
Book profits at Rs 890.
ZEEL
Current price: Rs 471
Target price: Rs 464
Keep a stop at Rs 475 and go short. Add to the position between Rs 465 and Rs 467. Book profits at Rs 464.
Target prices, projected movements in terms of next session, unless otherwise stated
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