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

Nifty, Bank Nifty, JSW Steel, Tata Motors, Power Grid

Nifty
Current: 11,252 (11,315)
Target: NA
 
Stop long futures positions at 11225. Stop-short futures positions at 11375. Big moves (index not futures) may go till 11425, 11100. A long Aug 8, 11100p (27), long 11500c (27) would hit breakeven if the index
hits 11046, 11554 by Aug 08.

 
Bank Nifty
Current: 29,043 (fut: 29,265)
Target: NA
 
Stop long positions at 29025. Stop short positions at 29425. Big moves could go till 28800, 29600. Trend remains negative
despite short-covering on settlement.
 
JSW Steel
Current: Rs 249
Target: Rs 245
 
Keep a stop at 252 and go short. Add to the position between 246-247. Book profits at 245.

 
Tata Motors
Current: Rs 144
Target: Rs 140
 
Keep a stop at 146 and go short. Add to the position between 141-142. Book profits at 140.
 
Power Grid
Current: Rs 213 
Target: Rs 217
 
Keep a stop at 211 and go long. Add to the position between 215-216. Book profits at 217.
 
Target prices, projected movements in terms of next session, unless otherwise stated