Today's picks: From Infosys to Tata Motors, hot stocks to watch on Friday

For Infosys, keep a stop at 828 and go long. Add to the position between 842-845. Book profits at 846.

Nifty

Current: 10,848 (10,875)

Target: NA

Stop long positions at 10,800. Stop short positions at 10,950. Big moves could go till 11,025, 10,725. A long Sep 12, 11,000c (40), long 10,700p (40), offset by short 10,600p (21), short 11,100c (18), would have breakevens at 11,040, 11,660.

Bank Nifty

Current: 26,919 (fut: 26,990)

Target: NA

Stop long positions at 26,800. Stop short positions at 27,150. Big moves could go till 27,350,26,650. Trend likely to stay negative with short-covering below 26,750.

Infosys

Current: Rs 834

Target: Rs 846

Keep a stop at 828 and go long. Add to the position between 842-845. Book profits at 846.

Tata Motors

Current: Rs 118

Target: Rs 114

Keep a stop at 120 and go short. Add to the position between 115-116. Book profits at 114.

Indiabulls Housing

Current: Rs 448 

Target: Rs 440

Keep a stop at 452 and go short. Add to the position between 442-444. Book profits at 440.