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

Nifty, Bank Nifty, Tata Motors, Hindalco & Cipla

Nifty 

Current: 10,128 (fut: 10,139), Target: NA

Stop-long positions at 10,050. Stop-short positions at 10,225 Big moves could go till 10,275, 10,000. A long 10,100p (139), 10,000p (103), could gain 10-15 if the futures falls below 10,050.

Bank Nifty 

Current: 24,129 (fut: 24,125)

Target: NA

Stop-long positions at 24,000. Stop-short positions at 24,250. Big moves could go till 23,800, 24,450. Short-term trend has gone negative. 

Tata Motors 

Current price: Rs 355 

Target price: Rs 349 

Keep a stop at Rs 359 and go short. Add to the position between Rs 350 and Rs 351. 

Book profits at Rs 349.

Hindalco 

Current price: Rs 201

Target price: Rs 197

Keep a stop at Rs 203 and go 

short. Add to the position between Rs 198 and Rs 199. 

Book profits at Rs 197.

Cipla 

Current price: Rs 570  

Target price: Rs 578

Keep a stop at Rs 565 and go 

long. Add to the position between Rs 576 and Rs 577. 

Book profits at Rs 578.

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