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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