Business Standard

Today's picks: Titan to Power Grid, hot stocks to watch on Thursday

For Titan's stock, keep a stop at 1,165 and go short. Add to the position between 1,140-1,145. Book profits at 1,135.

Devangshu Datta 

Today's picks: Titan to Power Grid, hot stocks to watch on Thursday

Nifty
Current: 12,182 (Fut: 12,252)
Target: NA


Stop long positions at 12,150. Stop short positions at 12,325. Big moves could go till 12,400, 12,100. A long Jan 16 12,400c (31), short 12,500c (13) could gain 10-15 if the index future tests 12,400.

Bank Nifty
Current: 32,103 (Fut: 32,300)
Target: NA

Stop long positions at 32,175. Stop short positions at 32,425. Big moves could go till 32,650, 31,900. No clear trend at the moment.

Titan
Current: Rs 1,155
Target: Rs 1,135

Keep a stop at 1,165 and go short. Add to the position between 1,140-1,145. Book profits at 1,135.

Power Grid
Current: Rs 196
Target: Rs 200

Keep a stop at 194 and go long. Add to the position between 198-199. Book profits at 200.

HDFC
Current: Rs 2,434  
Target: Rs 2,465

Keep a stop at 2,410 and go long. Add to the position between 2,450-2,460. Book profits at 2,465.

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

First Published: Thu, January 02 2020. 06:30 IST
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