Today's picks: From Tata Steel to Maruti, hot stocks to buy on Thursday

Nifty, Bank Nifty, Maruti, Tata Steel and Tech M

Nifty

Current: 11,861 (fut: 11,863), Target: NA

Stop-long positions at 11,790

Stop-short positions at 11,930

Big moves could go till 11,725, 12,000. A long 11,800p (14), 11,900c (22), has breakevens at 11,763, 11,937

Bank Nifty

Current: 31,295 (futures:  31,314), Target: NA

Stop-long positions at 31,200

Stop-short positions at 31,430. Big moves could go till 31,600, 31,050. Trend has a negative bias

Maruti

Current price: Rs 6,891

Target price: Rs 6,975

Keep a stop at 6,845 and go long

Add to the position between 6,950 and 6,970. Book profits at 6,975

Tata Steel

Current price: Rs 493

Target price: Rs 485

Keep a stop at 498 and go short

Add to the position between 486 and 488. Book profits at 485

Tech M

Current price: Rs 739

Target price: Rs 750

Keep a stop at 733 and go long

Add to the position between 746 and 748. Book profits at 750

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