Today's picks: From BPCL to Tech Mahindra, hot stocks to watch on Thursday

For BPCL, keep a stop at Rs 313 and go long

Nifty

Current: 10,576 (fut: 10,593) Target: NA

Stop-long positions at 10,520. Stop-short positions at 10,675. Big moves could go till 10,725, 10,475. Trend unclear. A short 10,800c (45), short 10,400p (67) can be sold, and covered with a long 10,900c (24), long 10,300p (48). Net inflow 40, with breakevens at 10,260, 10,940.

Bank Nifty
 

Current: 25,930   (futures: 25,952)

Target: NA

Stop-long positions at 25,825. Stop-short positions at 26,075. Big moves could go till 26,300, 25,600. Trend seems slightly bullish.

BPCL

Current price: Rs 316

Target price: Rs 322

Keep a stop at Rs 313 and go long. Add to the position between Rs 320 and Rs 321. 

Book profits at Rs 322.

Tech Mahindra 

Current price: Rs 700   

Target price: Rs 685

Keep a stop at Rs 705 and go short. Add to the position between Rs 688 and Rs 692. Book profits at Rs 685.

Sun Pharma

Current price: Rs 520

Target price: Rs 510

Keep a stop at Rs 525 and go short. Add to the position between Rs 512 and Rs 514. Book profits at Rs 510.