Today's picks: From Asian Paints to CIL, hot stocks to watch on Friday

Nifty, Bank Nifty, Asian Paints and Coal India

Nifty       

Current: 10,768  (fut: 10,761) Target: NA

Stop-long positions at 10,690. Stop-short positions at 10,825. Big moves could go till 10,875, 10,650. A long 10,900c (48) long 10,600p (60) offset by short 10,500p (40), 11,000c (24) has break-evens at 10,944, 10,556.

Bank Nifty       

Current: 26,517  (futures: 26,558) 

Target: NA  

Stop-long positions at 26,425. 

Stop-short positions at 26,675. Big moves could go till 26,200, 26,900. The uptrend could hit major resistances at 26,700-26,750 or at 26,950-27,000.

Asian Paints          

Current price: Rs 1,290 

Target price: Rs 1,310

Keep a stop at Rs 1,280 and go long. Add to the position between Rs 1,300 and Rs 1,305. Book profits at Rs 1,310.

Coal India   

Current price: Rs 289  

Target price: Rs 284

Keep a stop at Rs 292 and go short. 

Add to the position between Rs 285 and Rs 286. Book profits at Rs 284.
 

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