 "Today's picks: From Sun Pharma to Power Grid, hot stocks to buy on Friday")
Nifty
Current: 11,724 (fut: 11,764)
Target: NA
Stop-long positions at 11,675. Stop short-positions at 11,850. Big moves could go till 11,900, 11,625. A long May 16 11,600p (42), short 11,500p (23) could gain 10-15 if the index falls till 11625.
Bank Nifty
Current: 29,708 (futures: 29,810)
Also Read
Target: NA
Stop-long positions at 29,650.
Stop- short positions at 29,950.
Big moves could go till 30,125, 29,500. Trend is slightly bearish.
Sun Pharma
Current price: Rs 453
Target price: Rs 446
Keep a stop at 457 and go short.
Add to the position between 447 and 449.
Book profits at 446.
Tata Motors
Current price: Rs 207
Target price: Rs 202
Keep a stop at 210 and go short. Add to the position between 203 and 204. Book profits at 202.
Power Grid
Current price: Rs 190
Target price: Rs 194
Keep a stop at 188 and go long. Add to the position between
192 and 193. Book profits at 194.
Target prices, projected movements in terms of next session, unless otherwise stated
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