Today's picks: YES Bank to Eicher Motors, hot stocks to watch on Thursday

For YES Bank, keep a stop at 36 and go short

Nifty

 

Current:

12,201 (Fut: 12,227)  

Target: NA

 

Stop long positions at 12,125. Stop short positions at 12,325. Big moves could go till 12,400, 12,000.  Some profit-booking likely today. A long Feb 20, 12,100p (38) versus a short 12,000p (20) could gain 10-15 if the index react to 12,100 level.

 

Bank Nifty

 

Current:

31,492 (Fut: 31,563) Target: NA

 

Stop long positions at 31,400. Stop short positions at 31,700. Big moves could go till 31,900, 31,150. Trend could be biased down. A long Feb 20 31,200p (140), short 31,000p (94) could double in value if the index dips till 31,200.

 

YES Bank

 

Current: Rs 35.2

Target: Rs 33.5

 

Keep a stop at 36 and go short. Add to the position between 33.75-34. Book profits at 33.5.

 

Eicher Motors

 

Current: Rs 19,278   

Target: Rs 19,500

 

Keep a stop at 19,225 and go long. Add to the position between 19,400-19,475. Book profits at 19,500.

 

Hind Unilever

 

Current: Rs 2,260   

Target: Rs 2,300

 

Keep a stop at 2,240 and go long. Add to the position between 2,285-2,290. Book profits at 2,300.

 

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