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

For Cipla, keep a stop at 505 and go long. Add to the position between 516 and 518

Nifty     
 
Current: 10,855  (fut: 10,873)
Target: NA
Stop-long positions at 10,790. Stop-short positions at 10,955.
Big moves could go till 11,000, 10,750. A long 11,000c (85), short 11,100c (51) could gain 10 to 15 if the index moves till 10,975.
 
Bank Nifty    
 
Current: 27,720   (futures: 27,750)
Target: NA 
Stop-long positions at 27,575. Stop-short positions at 27,900.
Big moves could go till 28,100, 27,300. Trend is bullish but there’s big resistance between 27775 and 27850.
 
Cipla    
      
Current price: Rs 510
Target price: Rs 520
Keep a stop at 505 and go long. Add to the position