Today's picks: From Vedanta to HPCL, hot stocks to watch on Thursday

Nifty, Bank Nifty, Vedanta, HPCL, Tech Mahindra

Nifty 

Current: 10,430 (fut: 10,418), Target: NA

Stop long positions at 10350.

Stop short positions at 10500.

Big moves could go till 10550, 10275. A long 10400p (60), short 10300p (30) could gain 10-15 if the index falls till 10375. 

Bank Nifty 

Current: 25,685 (fut: 25,553) Target: NA

Stop long positions at 25475.

Stop short positions at 25625.

Big moves could go till 25875, 25200. High discount of futures to underlying could mean the index opens with a downwards gap. 

Vedanta

Current price: Rs 253  

Target price: Rs 249 

Keep a stop at Rs 255 and go short. Add to the position between Rs 250 and Rs 251.

Book profits at Rs 249. 

HPCL 

Current price: Rs 287

Target price: Rs 282

Keep a stop at Rs 290 and go short. Add to the position between Rs 283-284.

Book profits at Rs 282. 

Tech Mahindra 

Current price: Rs 697  

Target price: Rs 710

Keep a stop at Rs 692 and go long. Add to the position between Rs 705 and Rs 707.

Book profits at Rs 710. 
Target prices, projected movements in terms of next session, unless otherwise stated