 "Today's picks: From Coal India to Infosys, hot stocks to buy on Friday")
Nifty
Current: 10,792 (fut 10,870)
Target: NA
Stop-long positions at 10,775. Stop-short positions at 10,950. Big moves could go till 11,025, 10,700. Newsflow will be critical. The market may see a relief rally if Indo-Pak tensions ease. A long Mar 07, 11,100c (23) and short 11,200c (6) bullspread may double in value if the index crosses 10950.
Bank Nifty
Current: 26,790 (fut: 26,985)
Also Read
Target: NA
Stop-long positions at 26,825. Stop-short positions at 27,125. Big moves could go till 27,300, 26,650. Newsflow will be critical. Trend is unclear.
Coal India
Current price: Rs 228
Target price: Rs 224
Keep a stop at Rs 231 and go short. Add to the position between Rs 225 and Rs 226.
Book profits at Rs 224.
Grasim
Current price: Rs 777
Target price: Rs 765
Keep a stop at Rs 783 and go short. Add to the position between Rs 767 and Rs 770.
Book profits at Rs 765.
Infosys
Current price: Rs 734
Target price: Rs 745
Keep a stop at Rs 728 and go long. Add to the position between Rs 742 and Rs 744.
Book profits at Rs 745.
Target prices, projected movements in terms of next session, unless otherwise stated
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