Today's picks: From Wipro to ZEEL, hot stocks to buy on Thursday

For Wipro, keep a stop at Rs 275 and go long

Nifty 
 

Current: 11,053 (fut 11,086)
 

Target: NA
 

Stop-long positions at 11,000. Stop-short positions at 11,155. 
 

Big moves could go till 11,225, 10,950. A long Mar 25 11,200c (26), short 11,300c (9) could gain 15-20 if the Nifty futures moves till 11,150.

Bank Nifty 
 

Current: 27,625 (fut: 27,700) 
 

Target: NA
 

Stop-long positions at 27,550. Stop-short positions at 27,850. 
 

Big moves could go till 28,050, 27,350. Momentum indicators suggest the Bank Nifty may see a selloff in the next two sessions. A short Mar 14 27,000p (67), long Mar 28, 27,000p (175) costs 108 with a likely breakeven at 26,875.

Wipro
 

Current price: Rs 277
 

Target price: Rs 282
 

Keep a stop at Rs 275 and go long. Add to the position between Rs 280 and Rs 281. 

Book profits at Rs 282.

UPL    

Current price: Rs 877
 

Target price: Rs 890
 

Keep a stop at Rs 870 and go long. Add to the position between Rs 886 and Rs 889. 

Book profits at Rs 890. 

ZEEL  
 

Current price: Rs 471
 

Target price: Rs 464
 

Keep a stop at Rs 475 and go short. Add to the position between Rs 465 and Rs 467. Book profits at Rs 464.

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