Today's picks: From Vedanta to HPCL, hot stocks to watch on Thursday

Nifty, Bank Nifty, Vedanta, HPCL, Tech Mahindra

Nifty 

Current: 10,430 (fut: 10,418), Target: NA

Stop long positions at 10350.

Stop short positions at 10500.

Big moves could go till 10550, 10275. A long 10400p (60), short 10300p (30) could gain 10-15 if the index falls till 10375. 

Bank Nifty 

Current: 25,685 (fut: 25,553) Target: NA

Stop long positions at 25475.

Stop short positions at 25625.

Big moves could go till 25875, 25200. High discount of futures to underlying could mean the index opens with a downwards gap. 

Vedanta

Current price: Rs 253  

Target price: Rs 249 

Keep a stop at Rs 255 and go short. Add to the position between Rs 250 and Rs 251.

Book profits at Rs 249. 

HPCL 

Current price: Rs 287

Target price: Rs 282

Keep a stop at Rs 290 and go short. Add to the position between Rs 283-284.

Book profits at Rs 282. 

Tech Mahindra 

Current price: Rs 697  

Target price: Rs 710

Keep a stop at Rs 692 and go long. Add to the position between Rs 705 and Rs 707.

Book profits at Rs 710. 

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