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

Nifty, Bank Nifty, HPCL, M&M, Tata Steel

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Devangshu Datta
Nifty 
Current: 10,570 (fut: 10,568), Target: NA
Stop-long positions at 10,500. Stop-short positions at 10,650. Big moves could go till 10,700, 10,450. A long 10,500p (9), long 10,600c (14) has breakevens at 10,477, 10,623.  


Bank Nifty 
Current: 24,814 (fut: 24,785)
Target: NA
Stop-long positions at 24,675. Stop-short positions at 24,900. Big moves could go till 25,100, 24,450. Trend is down. 


HPCL    
Current price: Rs 298 
Target price: Rs 293
Keep a stop at Rs 301 and go 
short. Add to the position between Rs 294 and Rs 295. 
Book profits at Rs 293.

Mahindra & Mahindra     
Current price: Rs 854 
Target price: Rs 870
Keep a stop at