Today's picks: From HDFC to Tata Motors, hot stocks to buy on Thursday

For Bank Nifty, stop-long positions at 29,900. Stop-short positions at 30,200

Nifty 

Current 11,726 (fut: 11,823), 

Target: NA

Stop-long positions at 11,725. Stop-short positions at 11,870. Big moves could go till 11,675, 11925. A long May 30, 11,600p (39), long 11,900c (55) can be offset with short May 02, 11,600p (23), short May 02, 11,900c (15). 

Bank Nifty 

Current: 29,860 (fut: 30,063), 

Target: NA

Stop-long positions at 29,900. Stop-short positions at 30,200. Big moves could go till 30,400 - 29,700. The trend is mildly positive.

HDFC  

Current price: Rs 1,980 

Target price: Rs 2,000 

Keep a stop at 1,965 and go long. Add to the position between 1,992 - 1,998. Book 

profits at 2,000

Tata Motors 

Current price: Rs 223 

Target price: Rs 218 

Keep a stop at 226 and go short. Add to the position between 219 - 220. Book profits at 218. 

HCL

Current price: Rs 1,139  

Target price: Rs 1,157  

Keep a stop at 1,130 and go 

long. Add to the position between 1,150-1,155. Book 

profits at 1,157. 

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