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

For BPCL, keep a stop at Rs 372 and go short. Add to the position between Rs 365 and Rs 366

Nifty 

Current: 11,570 (fut: 11,587), Target: NA

Stop-long positions at 11,490. Stop-short positions at 11,655. Big moves could go till 11,450, 11,700. A long 11,700c (24), long 11,400p (24) will gain if there's a 2% move in either direction by settlement. 

Bank Nifty 

Current: 28,258 (fut: 28,289), Target: NA

Stop-long positions at 28,175. Stop-short positions at 28,400. Big moves could go till 27,950, 28,625. Up trend may be halted by profit-booking. 

Tata Steel 

Current price: Rs 582

Target price: Rs 572

Keep a stop at Rs 588 and go short. Add to the position between Rs 575 and Rs 577. 

Book profits at Rs 572.

Tech Mahindra 

Current price: Rs 709

Target price: Rs 720

Keep a stop at Rs 702 and go long. Add to the position between Rs 715 and Rs 718. 

Book profits at Rs 720.

BPCL    

Current price: Rs 369

Target price: Rs 363

Keep a stop at Rs 372 and go 

short. Add to the position between Rs 365 and Rs 366. 

Book profits at Rs 363.

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