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Tuesday, December 24, 2024 | 05:15 AM ISTEN Hindi

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Today's picks: From Sun Pharma to BPCL, hot stocks to watch on Thursday

For Sun Pharma, keep a stop at 407 and go short

Equity fund managers buy Infosys, sell Reliance Industries in October
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Devangshu Datta
Nifty
 
Current: 12,125 (fut: 12,148)
Target: NA 

Stop long positions at 12,250. Stop short positions at 12,050. Big moves could go till 12,325, 11,975. Strong resistances between 12,200-12,250. A long Feb 27 12000p ( 33), short 11900p (19) could gain 10-15 if the index tests 12,000.

Bank Nifty

Current: 30,838 (fut: 30,862) 
Target: NA

Stop long positions at 30,700. Stop short positions at 31,000. Big moves could go till 31,200, 30,500. Short-covering driving uptrend – it could go negative against towards end of today’s settlement.

HUL

Current: Rs 2,292  
Target: Rs 2,320

Keep a stop at 2,275 and go long. Add to the position between 2310-2315.

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