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

For Tata Motors, keep a stop at Rs 97 and go long

Nifty

Current: 10,449 (10,455)

Target: NA

 

Stop long positions at 10,370. Stop short positions at 10,530. Big moves could go till 10,600, 10,300. A long March 19, 10,200p (136), short 10,100p (112) could gain 15-20, if the index tests 10,250. 

 

Bank Nifty

Current: 26,488 (26,460)

Target: NA

 

Stop long positions at 26,300. Stop short positions at 26,625. Big moves could go till 26,900, 26,000. Trend remains negative.

 

ONGC 

Current: Rs 71.7

Target: Rs 74

 

Keep a stop at Rs 70.5 and go long. Add to the position between Rs 73 and Rs 73.75. Book profits at Rs 74. 

 

Tata Motors 

Current: Rs 99

Target: Rs 105

 

Keep a stop at Rs 97 and go long. Add to the position between Rs 103 and Rs 104. Book profits at Rs 105.

 

HUL

Current: Rs 2,155

Target: Rs 2,120

 

Keep a stop at Rs 2,175 and go short. Add to the position between Rs 2,125 and Rs 2,135. Book profits at Rs 2,120. 

 

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