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

Nifty

Current: 11,691 (fut: 11,720),

Target: NA

Stop-long positions at 11,645. Stop-short positions at 11,800. Big moves could go till 11,850, 11,600. News flow from the Fed Policy meet could be the big swing factor. A long June 27, 11,900c (24), long 11,500p (25) offset by short 11400p (15), short 12,000 (11) could cover any possible trend. 

 

Nifty Bank

Current: 30,362  (fut: 30,403),

Target: NA

Stop-long positions at 30,250. Stop-short positions at 30,550. Big moves could go till 30,750, 30,050. The Fed’s stance will be the main trigger for setting a trend.

 

Adani Ports 

Current: Rs 408

Target: Rs 400

Keep a stop at Rs 412 and go short. Add to the position between Rs 401 and Rs 403. Book profits at Rs 400.

 

Maruti Suzuki 

Current:  Rs 6,424 

Target: Rs 6,300

Keep a stop at Rs 6,475 and go short. Add to the position between Rs 6,325 and Rs 6,345.  Book profits at Rs 6,300.

Titan

Current:  Rs 1,275  

Target: Rs 1,300  

Keep a stop at Rs 1,265 and go long. Add to the position between Rs 1,290 and Rs 1,295. Book profits at Rs 1,300.

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