Today’s picks: From HDFC to Tata Motors, hot stocks to buy on Thursday

For Bank Nifty, stop-long positions at 29,900. Stop-short positions at 30,200

Nifty

Current 11,726 (fut: 11,823),

Target: NA

Stop-long positions at 11,725. Stop-short positions at 11,870. Big moves could go till 11,675, 11925. A long May 30, 11,600p (39), long 11,900c (55) can be offset with short May 02, 11,600p (23), short May 02, 11,900c (15).

Bank Nifty

Current: 29,860 (fut: 30,063),

Target: NA

Stop-long positions at 29,900. Stop-short positions at 30,200. Big moves could go till 30,400 – 29,700. The trend is mildly positive.

HDFC

Current price: Rs 1,980

Target price: Rs 2,000

Keep a stop at 1,965 and go long. Add to the position between 1,992 – 1,998. Book

profits at 2,000

Tata Motors

Current price: Rs 223

Target price: Rs 218

Keep a stop at 226 and go short. Add to the position between 219 – 220. Book profits at 218.

HCL

Current price: Rs 1,139

Target price: Rs 1,157

Keep a stop at 1,130 and go

long. Add to the position between 1,150-1,155. Book

profits at 1,157.

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Target prices, projected movements in terms of next session, unless otherwise stated .