Today's picks: From Sun Pharma to Britannia, hot stocks to buy on Thursday

Nifty 

Current: 11,359 (fut: 11,419), 
Target: NA
Stop long positions at 11,300. Stop short positions at 11,500. Big moves could go till 11,225 - 11,550. Trend is bearish but there could be a pullback due to short-covering. A long May 16, 11,300p (67) long May 16, 11,200p (40) could gain 15-20 if the index falls below 11,275.

Bank Nifty 

 
Current: 28,994 (fut: 29,145), 
Target: NA
Stop long positions at 28,900. Stop short positions at 29,300. Big moves could go till 29,450, 28,650. Trend remains bearish but there may be short-covering.  

Hero MotoCorp 

 
Current price: Rs 2,500  
Target price: Rs 2,460 
Keep a stop at Rs 2,525 and 
go short. Add to the position between Rs 2,465 - Rs 2,475. 
Book profits at Rs 2,460.

Britannia 

 
Current price: Rs 2,650  
Target price: Rs 2,690 
Keep a stop at Rs 2,625 and 
go long. Add to the position between Rs 2,680 - Rs 2685. Book profits at Rs 2,690.


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