From Hindalco to Bharti Infratel, hot stocks to watch on Thursday

Nifty
Current: 10,858 (fut: 10,880)
Target: NA
Stop-long positions at 10,790. Stop-short positions at 10,960. Big moves could go till 11,025, 10,725. A long 10,700p (132), short 10,600p (105) could gain 15-20 if the index drops till 10,750.

Bank Nifty
Current: 25,070 (fut: 25,145)
Target: NA
Stop-long positions at 24,950. Stop-short positions at 25,350. Big moves could go till 25,550, 24,650. Trend Is bearish. Be prepared for excess volatility.

Hindalco
Current price: Rs254
Target price: Rs259
Keep a stop at Rs251 and go long. Add to the position between Rs257 and Rs258.
Book profits at Rs259.

Bharti Infratel
Current price: Rs252
Target price: Rs247
Keep a stop at Rs255 and go short. Add to the position between Rs248 and Rs249.
Book profits at Rs247.

UPL
Current price: Rs642
Target price: Rs630
Keep a stop at Rs649 and go short. Add to the position between Rs632 and Rs635.
Book profits at Rs630.

Business Standard

Today's picks: From UPL to Sun Pharma, hot stocks to watch today

Nifty
Current: 11,023 (fut: 11,015), Target: NA
Stop-long positions at 10,050. Stop-short positions at 11,080. Big moves could go till 11,125, 10,900. A long 10,900p (53), long 11,100c (53) can be offset by short 10,800p (33), short 11,200c (27). This combined long-short strangle has breakevens at 10,854, 11,146.

Bank Nifty
Current: 27,025 (fut: 26,995)
Target: NA
Stop-long positions at 26,875. Stop-short positions at 27,125. Big moves could go till 27,350, 26,650. Up trend could be halted by profit-booking. Resistance at 27,150-27,200.

UPL
Current price: Rs 582
Target price: Rs 572
Keep a stop at Rs 588 and go short. Add to the position between Rs 575 and Rs 577.
Book profits at Rs 572.

Sun Pharma
Current price: Rs 565
Target price: Rs 575
Keep a stop at Rs 560 and go
long. Add to the position between Rs 572 and Rs 574.
Book profits at Rs 575.

Bharti Airtel
Current price: Rs 362; Target price: Rs 357
Keep a stop at Rs 365 and go short. Add to the position between Rs 358 and Rs 359. Book profits at Rs 357.