Today's picks: From Bharti Infratel to M&M, hot stocks to watch on Thursday

Nifty, Nifty Bank, Bharti Infratel, M&M, IDFC

Nifty

Current 10614 (fut: 10615), Target: NA

Stop-long positions at 10550.

Stop-short positions at 10675.

Big moves could go till 10725, 10500.

A long 10600p (34), has breakevens at 10565 and it could be held with a target of 10525.

 

Nifty Bank 

Current: 26327 (fut: 26272)  Target NA.

Stop long positions at 26175.

Stop short positions at 26400.

Big moves could go till 26500, 26000. Trend could go negative, support at 25975-26025.

 

Bharti Infratel

Current price: ~301   

Target price: ~306

Keep a stop at 298 and go long.

Add to the position between 304-305. Book profits at 305.

 

M&M 

Current price: ~895

Target price: ~880

Keep a stop at 903  and go short. Add to the position between 885-887. Book profits at 880. 

 

IDFC 

Current price: ~40  

Target price: ~38.5

Keep a stop at 41 and go short. Add to the position between 39-39.50. Book profits at 38.50  

 

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