Today's picks: From HCL Tech to Hindalco, hot stocks to watch on Thursday

Nifty, Bank Nifty, HCL Technologies, Hindalco, UPL

Nifty       

Current: 10,397  (fut: 10,389) Target: NA

Stop-long positions at 10,325. Stop-short positions at 10,455. Big moves could go till 10,525, 10,250. A long 10,300p (10), long 10,400c (30) is not zero-delta. It has breakevens at 10,440, 10,260.

Bank Nifty       

Current: 24,936   (futures: 24,916) Target: NA  

Stop-long positions at 24,800. Stop-short positions at 25,025. Big moves could go till 24,600, 25,225. A rise due to 

short-covering should hit resistance between 25,025 and 25,050. Overall trend remains negative.  

HCL Technologies           

Current price: Rs 943 

Target price: Rs 957

Keep a stop at Rs 935 and go long. Add to the positions between Rs 953 and Rs 955. Book profits at Rs 957.

Hindalco   

Current price: Rs 241   

Target price: Rs 236

Keep a stop at Rs 244 and go short. 

Add to the position between Rs 237 and Rs 238. Book profits at Rs 236. 

UPL          

Current price: Rs 688

Target price: Rs 697

Keep a stop at Rs 682 and go long. 

Add to the positions between Rs 694 

and Rs 696. Book profits at Rs 697.