Today's picks: From L&T to Wipro, hot stocks to buy on Thursday

For Larsen & Turbo, keep a stop at Rs 1,275 and go long

Nifty 
 

Current: 10,806 (fut 10,800)
 

Target: NA
 

Stop-long positions at 10,725. Stop-short positions at 10,875. Big moves could go till 10,950, 10,650. Newsflow will be critical but trend may be down. A long march7 10,600p (61) , long 11,000c (31) can be offset with short March7 10,500p (44), short March 7 11,100c (14).

Bank Nifty 
 

Current: 26,797 (fut: 26,799) 
 

Target: NA
 

Stop-long positions at 26,650. Stop-short positions at 26,950. Big moves could go till 27,150, 26,400. Trend Is down but newsflow may be critical.

Larsen & Toubro
 

Current price: Rs 1,285
 

Target price: Rs 1,310
 

Keep a stop at Rs 1,275 and go long. Add to the position between Rs 1,300 and Rs 1,305. Book profits at Rs 1,310.

Indian Oil Corporation   
 

Current price: Rs 141
 

Target price: Rs 136
 

Keep a stop at Rs 143 and go short. Add to the position between Rs 137 and Rs 138. 

Book profits at Rs 136.

Wipro  
 

Current price: Rs 375
 

Target price: Rs 381
 

Keep a stop at Rs 372 and go long.  Add to the position between Rs 379 and Rs 380. 

Book profits at Rs 381.

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