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

Nifty

Current: 10,155 (fut: 10,181)

Target: NA

Stop-long positions at 10,110. Stop-short positions at 10,250. Big moves could go till 10,300, 10,050. A long 10,100p (52), short 10,000p (30) could gain 15-20 if the index drops below 10,120. 

 

Bank Nifty

Current: 24,255 (fut: 24,340)

Target: NA

Stop-long positions at 24,225. Stop-short positions at 24,450. Big moves could go till 24,000, 24,700. Trend still looks to be negative. Short-covering could hit resistance at 24,500-24,525.

 

NTPC 

Current price: Rs 170

Target price: Rs 174

Keep a stop at Rs 168 and go long. Add to the position between Rs 172 and Rs 173. Book profits at Rs 174.

 

Tata Motors 

Current price: Rs 334

Target price: Rs 329

Keep a stop at Rs 337 and go

short. Add to the position between Rs 330 and Rs 331.

Book profits at Rs 329.

 

Indian Oil Corporation  

Current price: Rs 172.5

Target price: Rs 169.5

Keep a stop at Rs 175.5 and go short. Add to the position between Rs 170 and Rs 171.

Book profits at Rs 169.5. /> Target prices, projected movements in terms of next session, unless otherwise stated     


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