Today's picks: Titan to Power Grid, hot stocks to watch on Thursday

For Titan's stock, keep a stop at 1,165 and go short. Add to the position between 1,140-1,145. Book profits at 1,135.

Nifty
Current: 12,182 (Fut: 12,252)
Target: NA
 
Stop long positions at 12,150. Stop short positions at 12,325. Big moves could go till 12,400, 12,100. A long Jan 16 12,400c (31), short 12,500c (13) could gain 10-15 if the index future tests 12,400.
 

Bank Nifty
Current: 32,103 (Fut: 32,300)
Target: NA
 
Stop long positions at 32,175. Stop short positions at 32,425. Big moves could go till 32,650, 31,900. No clear trend at the moment.
 
Titan
Current: Rs 1,155
Target: Rs 1,135
 
Keep a stop at 1,165 and go short. Add to the position between 1,140-1,145. Book profits at 1,135.

 
Power Grid
Current: Rs 196
Target: Rs 200
 
Keep a stop at 194 and go long. Add to the position between 198-199. Book profits at 200.
 
HDFC
Current: Rs 2,434  
Target: Rs 2,465
 
Keep a stop at 2,410 and go long. Add to the position between 2,450-2,460. Book profits at 2,465.
 
Target prices, projected movements in terms of next session, unless otherwise stated