Today's picks: From Axis Bank to L&T, hot stocks to watch on Thursday

Here are target prices and projected movements for Nifty, Bank Nifty, Axis Bank, ONGC and Larsen & Turbo

Business Standard brings you handpicked top stocks that you must follow on the markets today. Also find here the target price and projected movements for the NSE benchmark Nifty and the Bank Nifty indices. 

Nifty

Current: 10,788   (fut: 10,798) Target: NA

Stop-long positions at 10,720. Stop-short positions at 10,880. Big moves could go till 10,925, 10,675. A long 10,800c (57) short 10,900c (21) could gain 15-20 if the index climbs till 10,850.

Bank Nifty

Current: 26,289  (futures: 26,306)

Target: NA 

Stop-long positions at 26,175.

Stop-short positions at 26,425. Big moves could go till 26,625, 26,000. Could be a pullback this session on profit-booking but trend obviously bullish.  

Axis Bank

Current price: Rs 585

Target price: Rs 595

Keep a stop at Rs 580 and go long. Add to the position between Rs 591 and Rs 593. Book profits at Rs 595.

ONGC   

Current price: Rs 196 

Target price: Rs 192

Keep a stop at Rs 198 and go short. Add to the position between Rs 193 and Rs 194. Book profits at Rs 192.

Larsen & Toubro

Current price: Rs 1,353  

Target price: Rs 1,375

Keep a stop at Rs 1,340 and go long.

Add to the position between Rs 1,367 and Rs 1,372. Book profits at Rs 1,375.

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