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