Today's picks: HCL to Tata Motors, hot stocks to watch on Thursday
Nifty, Bank Nifty, HCL Technologies, Tata Motors, Hero MotoCorp
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Nifty
Current: 10,386 (fut: 10,380) Target: NA
Stop-long positions at 10,455. Stop-short positions at 10,300. Big moves could go till 10,200, 10,575. Trend still looks negative but it could run till 10,700. A long 10,600c (103), short 10,700c (70) can be held with a stop at 10,300.
Bank Nifty
Current: 24,153 (futures: 25,149)
Target: NA
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Stop-long positions at 25,000. Stop-short positions at 25,300. Big moves could go till 24,750, 25,500. Trend may depend on political newsflow but the technical position looks negative.
HCL Technologies
Current price: Rs 1,055
Target price: Rs 1,075
Keep a stop at Rs 1,045 and go long. Add
to the position between Rs 1,067 and Rs 1,072. Book profits at Rs 1,075.
Tata Motors
Current price: Rs 179
Target price: Rs 175
Keep a stop at Rs 181 and go short. Add
to the position between Rs 176 and Rs 177. Book profits at Rs 175.
Hero MotoCorp
Current price: Rs 2,762
Target price: Rs 2,720
Keep a stop at Rs 2,790 and go short.
Add to the position between Rs 2,725
and Rs 2,735. Book profits at Rs 2,720.
Target prices, projected movements in terms of next session, unless otherwise stated
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