Today's picks: From Titan to Powergrid, hot stocks to watch on Thursday

Nifty, Bank Nifty, BPCL, Powergrid

Nifty      
 

Current: 10,967  (fut: 10,982) Target: NA

Stop-long positions at 10,900. Stop-short positions at 11,075. Big moves could go till 11,125, 10,825 but movement likely to be muted on settlement. A long  11,100c (35), long 10,800p (29) offset by short 11,200c (15) , short 10,700p (18) costs 31. It will gain of the Fed Policy surprises.

Bank Nifty       
 

Current: 27,298   (fut: 26,408) 

Target: NA  

Stop-long positions at 27,175. Stop-short positions at 27,500. Big moves could go 

till 26,900, 27,800. Trend seems positive but newsflow from the Fed Meet will be a big influence.

BPCL 
          

Current price: Rs 362 

Target price: Rs 356

Keep a stop at 365 and go short. 

Add to the position between 

357-359.  Book profits at 356. 

Powergrid       
  

Current price: Rs 199   

Target price: Rs 203

Keep a stop at 197 and go long. 

Add to the position between 

201-202.  Book profits at 203.

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