Today's picks: From Hindalco to HDFC, hot stocks to watch on Thursday

Nifty, Bank Nifty, Hindalco, Lupin, HDFC

Nifty       

Current: 10,980  (fut: 10,986) Target: NA

Stop-long positions at 10,900. Stop-short positions at 11,075. Big moves could go till 11,100, 10,850. A long 10,900p (51), short 10,800p (32) could gain 10-15 if the index tests 10,900.

Bank Nifty       

Current: 26,880   (futures: 26,968) 

Target: NA  

Stop-long positions at 26,825. Stop-short positions at 27,100. Big moves could go till 27,275, 26,700. Trend may have a negative bias.

Hindalco           

Current price: Rs 212.5 

Target price: Rs 208

Keep a stop at Rs 215 and go short. Add to the position between