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.

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