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Today's picks: ONGC to Tata Motors, hot stocks to watch on Thursday

For Tata Motors, keep a stop at Rs 97 and go long

Devangshu Datta 

buy and sell, markets, stocks
Representative Image

Nifty

Current: 10,449 (10,455)

Target: NA

Stop long positions at 10,370. Stop short positions at 10,530. Big moves could go till 10,600, 10,300. A long March 19, 10,200p (136), short 10,100p (112) could gain 15-20, if the index tests 10,250.

Bank Nifty

Current: 26,488 (26,460)
Target: NA

Stop long positions at 26,300. Stop short positions at 26,625. Big moves could go till 26,900, 26,000. Trend remains negative.

ONGC

Current: Rs 71.7
Target: Rs 74

Keep a stop at Rs 70.5 and go long. Add to the position between Rs 73 and Rs 73.75. Book profits at Rs 74.

Tata Motors

Current: Rs 99
Target: Rs 105

Keep a stop at Rs 97 and go long. Add to the position between Rs 103 and Rs 104. Book profits at Rs 105.

HUL

Current: Rs 2,155
Target: Rs 2,120

Keep a stop at Rs 2,175 and go short. Add to the position between Rs 2,125 and Rs 2,135. Book profits at Rs 2,120.


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

First Published: Thu, March 12 2020. 06:30 IST
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