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Today's picks: From Cipla to Tata Steel, hot stocks to watch on Thursday

For Cipla, keep a stop at 505 and go long. Add to the position between 516 and 518

Devangshu Datta 

IPOs

Nifty

Current: 10,855 (fut: 10,873)

Target: NA
Stop-long positions at 10,790. Stop-short positions at 10,955.

Big moves could go till 11,000, 10,750. A long 11,000c (85), short 11,100c (51) could gain 10 to 15 if the index moves till 10,975.

Bank Nifty

Current: 27,720 (futures: 27,750)
Target: NA
Stop-long positions at 27,575. Stop-short positions at 27,900.

Big moves could go till 28,100, 27,300. Trend is bullish but there’s big resistance between 27775 and 27850.

Cipla

Current price: Rs 510
Target price: Rs 520
Keep a stop at 505 and go long. Add to the position between 516 and 518.

Book profits at 520.

TCS

Current price: Rs 1887
Target price: Rs 1855
Keep a stop at 1,905 and go short.

Add to the position between 1860 and 1870.

Book profits at 1855.

Tata Steel

Current price: Rs 479
Target price: Rs 470
Keep a stop at 484 and go short.

Add to the position between 471 and 473.

Book profits at 470.

First Published: Thu, January 10 2019. 01:37 IST
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