Today's picks: From Tata Motors to Cipla, stocks to watch on Thursday

Nifty, Bank Nifty, Tata Motors, Hindalco & Cipla

Nifty 

Current: 10,128 (fut: 10,139), Target: NA

Stop-long positions at 10,050. Stop-short positions at 10,225 Big moves could go till 10,275, 10,000. A long 10,100p (139), 10,000p (103), could gain 10-15 if the futures falls below 10,050.

Bank Nifty 

Current: 24,129 (fut: 24,125)

Target: NA

Stop-long positions at 24,000. Stop-short positions at 24,250. Big moves could go till 23,800, 24,450. Short-term trend has gone negative. 

Tata Motors 

Current price: Rs 355 

Target price: Rs 349 

Keep a stop at Rs 359 and go short. Add to the position between Rs 350 and Rs 351. 

Book profits at Rs 349.

Hindalco 

Current price: Rs 201

Target price: Rs 197

Keep a stop at Rs 203 and go 

short. Add to the position between Rs 198 and Rs 199. 

Book profits at Rs 197.

Cipla 

Current price: Rs 570  

Target price: Rs 578

Keep a stop at Rs 565 and go 

long. Add to the position between Rs 576 and Rs 577. 

Book profits at Rs 578.

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