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

Keep a stop at Rs 323 and go short for HPCL

Nifty 

Current: 10,526 (fut: 10,550) 

Target: NA

Stop-long positions at 10,475. Stop-short positions at 10,625. Big moves could go till 10,675, 10,425. A long 10,500p (55), short 10,400p (32) could gain 10-15 if the index drops till 10,475.

Bank Nifty 

Current: 25,102 (fut: 25,142)

Target: NA

Stop-long positions at 25,025. Stop-short positions at 25,275. Big moves could go till 25,475, 24,800. Trend looks negative.

HPCL    

Current price: Rs 319.5  

Target price: Rs 314

Keep a stop at Rs 323 and go short. Add to the position between Rs 315 and Rs 316 

Book profits at Rs 314

Tech Mahindra      

Current price: Rs 657 

Target price: Rs 646

Keep a stop at Rs 663 and go short. Add to the position between Rs 648 and Rs 650

Book profits at Rs 646

Hindalco     

Current price: Rs 243

Target price: Rs 248

Keep a stop at Rs 241 and go long. Add to the position between Rs 246 and Rs 247. Book profits at Rs 248

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