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Today's picks: From Powergrid to Tata Steel, hot stocks to buy on Thursday

Nifty, Bank Nifty , UPL, Powergrid, Tata Steel

(Photo: Kamlesh Pednekar)
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(Photo: Kamlesh Pednekar)

Devangshu Datta
Nifty
Current: 10793 (fut: 10803)
Target: NA
Stop long positions at 10725. Stop short positions at 10880. Big moves could go till 10925, 10650. Trend seems negative. A long Feb 21 11000c (18), long Feb 21 10600p (22), short 10500p (11.5), short 11100c (8) costs net 20 with breakevens at 10580, 11020.
 
Bank Nifty
Current 26958 (fut: 26885)
Target: NA
Stop long positions at 26750. Stop short positions at 27010. Big moves could go till 26525, 27225. seems negative.  Gains in the long option would compensate if short option is struck.
A long Feb 28, 26500p (161) can be

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