Today's picks: HCL to Tata Motors, hot stocks to watch on Thursday

Nifty, Bank Nifty, HCL Technologies, Tata Motors, Hero MotoCorp

Nifty   
   

Current: 10,386 (fut: 10,380) Target: NA

Stop-long positions at 10,455. Stop-short positions at 10,300. Big moves could go till 10,200, 10,575. Trend still looks negative but it could run till 10,700. A long 10,600c (103), short 10,700c (70) can be held with a stop at 10,300.

Bank Nifty   
   

Current: 24,153   (futures: 25,149) 

Target: NA  

Stop-long positions at 25,000. Stop-short positions at 25,300. Big moves could go till 24,750, 25,500. Trend may depend on political newsflow but the technical position looks negative.  

HCL Technologies     
   

Current price: Rs 1,055

Target price: Rs 1,075

Keep a stop at Rs 1,045 and go long. Add 

to the position between Rs 1,067 and Rs 1,072. Book profits at Rs 1,075. 

Tata Motors  
 

Current price: Rs 179  

Target price: Rs 175

Keep a stop at Rs 181 and go short. Add 

to the position between Rs 176 and Rs 177. Book profits at Rs 175.   

Hero MotoCorp 
       

Current price: Rs 2,762 

Target price: Rs 2,720

Keep a stop at Rs 2,790 and go short. 

Add to the position between Rs 2,725 

and Rs 2,735. Book profits at Rs 2,720.

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