Today's picks: From RIL to HDFC, hot stocks to watch on Thursday

Nifty, Bank Nifty, Reliance Industries, HDFC and Tata Steel

Nifty

Current: 11,027 (fut: 11,058) Target: NA

Stop long positions at 10,925. Stop short positions at 11,200. 

Big moves could go till 11,300,10800. 

Extra volatility is very likely. 

A very wide strangle of long 10,500p (31), 11,500c (26) may be worth taking to hold till expiry.

Bank Nifty 

Current: 27380 (fut: 27468)

Target: NA

Stop long positions at 27,250. 

Stop short positions at 27,675. 

Big moves could go till 27,850, 27975. 

Extra volatility is likely. As such, the financial index remains bullish.

Reliance Industries 

Current price: Rs 961 

Target price: Rs 980 

Keep a stop at Rs 950 and go long. 

Add to the position between Rs 970 and Rs 975. 

Book profits at Rs 980.

HDFC

Current price: Rs 1,956

Target price: Rs 1,995

Keep a stop at Rs 1,935 and go long. 

Add to the position between Rs 1,980 and Rs 1,990. 

Book profits at Rs 1,995.

Tata Steel

Current price: Rs 705  

Target price: Rs 690

Keep a stop at Rs 715 and go short. 

Add to the position between Rs 692 and Rs 695. 

Book profits at Rs 690.

Target prices, projected movements in terms of next session, unless otherwise stated