Today's picks: From TechM to Adani Ports, hot stocks to buy on Thursday

For Bajaj Finserv, keep a stop at Rs 6,150 and go long

Nifty 
 

Current: 11,062 (fut: 11,098)

Target: NA

Stop-long positions at 10,990. Stop-short positions at 11,205. Big moves could go till 11,275, 10,900. Extra volatility likely. Trend will depend on MPC. A long 11,300c (58), long 10,900p (84) can be offset with short 11,400c (32), short 10,800p (63).

Bank Nifty 
 

Current: 27,402 (fut: 27,466)

Target: NA

Stop-long positions at 27,275. 

Stop-short positions at 27,625. Big moves could go till 28,000, 26,900. Extra volatility likely due to MPC. If there’s a rate cut, PSU banks may outperform.

Bajaj Finserv 
 

Current price: Rs 6,209 

Target price: Rs 6,310

Keep a stop at Rs 6,150 and go long. Add to the position between Rs 6,275 and Rs 6,300. Book profits at Rs 6,310.

Tech Mahindra  
 

Current price: Rs 812 

Target price: Rs 825

Keep a stop at Rs 805 and go long. Add to the position between Rs 820 and Rs 823. 

Rs Book profits at 825.

Adani Ports  
 

Current price: Rs 330 

Target price: Rs 324

Keep a stop at Rs 333 and go short. Add to the position between Rs 325 and Rs 326. 

Book profits at Rs 324

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