Today's picks: From Indian Oil to Bharti Airtel, hot stocks to watch today

Nifty, Bank Nifty, Bharti Airtel and Indian Oil

Nifty       

Current: 11,008 (fut: 11,027), Target: NA

Stop-long positions at 10,945. Stop-short positions at 11,105. Big moves could go till 11,150, 10,900. A long 10,900p (36), long 11,100c (41) can be offset with a short 10,800p (21),  short 11,200c (17). The position costs 39, with breakevens at 11,139, 10,961.

Bank Nifty       

Current: 27,008  (futures: 27,063) 

Target: NA  

Stop-long positions at 26,900. Stop-short positions at 27,200. Big moves could go till 27,350, 27,750. Trend may be slightly positive.

Indian Oil          

Current price: Rs 165 

Target price: Rs 168

Keep a stop at Rs 163 and go long. Add to the position between Rs 166 and Rs 167. 

Book profits at Rs 168.

Bharti Airtel      

Current price: Rs 342  

Target price: Rs 337

Keep a stop at Rs 345 and go short. Add to the position between Rs 338 and Rs 339. 

Book profits at Rs 337.

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