Today's picks: Vedanta to Adani Ports, hot stocks to watch on Thursday

Nifty, Bank Nifty, Vedanta, Adani Ports, Indian Oil

Nifty     
 

Current: 10,600  (fut: 10,626) Target: NA

Stop-long positions at 10,550. Stop-short positions at 10,700. Big moves could go till 10,750, 10,500. A long 10,500p (46), short 10,400p (27) could gain 15-20 if the index drops till 10,500.

Bank Nifty       
 

Current: 26,262   (futures: 26,340) 

Target: NA  

Stop-long positions at 26,225. Stop-short positions at 26,375. Big moves could go till 26,700, 26,000. Trend indeterminate. Strong support at 26,050-26,125. Strong resistance at 26,500-26,575.

Vedanta       
   

Current price: Rs 202 

Target price: Rs 198

Keep a stop at Rs 204 and go short. Add to the position between Rs 199 and Rs 200. Book profits at Rs 198. 

Adani Ports    

Current price: Rs 361  

Target price: Rs 355

Keep a stop at Rs 364 and go short. Add to the position between Rs 356 and Rs 357. Book profits at Rs 355.   

Indian Oil         

Current price: Rs 142    

Target price: Rs 145

Keep a stop at Rs 140 and go long. Add to the position between Rs 143 and Rs 144. Book profits at Rs 145.

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