Today's picks: From Cipla to Tata Steel, hot stocks to watch on Thursday

For Cipla, keep a stop at 505 and go long. Add to the position between 516 and 518

Nifty     
 
Current: 10,855  (fut: 10,873)
Target: NA
Stop-long positions at 10,790. Stop-short positions at 10,955.
Big moves could go till 11,000, 10,750. A long 11,000c (85), short 11,100c (51) could gain 10 to 15 if the index moves till 10,975.

 
Bank Nifty    
 
Current: 27,720   (futures: 27,750)
Target: NA 
Stop-long positions at 27,575. Stop-short positions at 27,900.
Big moves could go till 28,100, 27,300. Trend is bullish but there’s big resistance between 27775 and 27850.
 
Cipla    
      
Current price: Rs 510
Target price: Rs 520
Keep a stop at 505 and go long. Add to the position between 516 and 518. 

Book profits at 520. 
 
TCS    
 
Current price: Rs 1887 
Target price: Rs 1855
Keep a stop at 1,905 and go short.
Add to the position between 1860 and 1870. 
Book profits at 1855.
 
Tata Steel     
  
Current price: Rs 479   
Target price: Rs 470
Keep a stop at 484 and go short.
Add to the position between 471 and 473. 
Book profits at 470.