Today's picks: Tata Motors to Asian Paints, hot stocks to watch on Friday

Nifty, Bank Nifty, Tata Motors, Asian Paints, Bajaj Auto

Nifty
 

Current: 

11,586 (fut: 11,598) 

Target: NA

Stop-long positions at 11,495. Stop-short positions at 11,705. Big moves could go till 11,750, 11,450.  Trend could remain positive. A long Oct 24 11,700c (40), short 11,800c (19) could gain 15-20 if the index crosses 11,700.  

Bank Nifty
 

Current: 

28,990  (fut: 29,070) 

Target: NA

Stop-long positions at 28,900. Stop short positions at 29,200. Big moves can go till 29,500, 28,500.  Excess volatility likely but trend may remain positive.

Tata Motors 
 

Current: Rs 140

Target: Rs 145

Keep a stop at Rs 138 and go long. Add to the position between Rs 143-Rs 144. Book profits at Rs 145.

Asian Paints
 

Current: Rs 1812  

Target: Rs 1845

Keep a stop at Rs 1,795 and go long. Add to the position between Rs 1,830-Rs 1840. Book profits at Rs 1,845.

Bajaj Auto

Current: Rs 3111   

Target: Rs 3165

Keep a stop at Rs 3,075 and go long. Add to the position between . Book profits at Rs 3,145-Rs 3,155. Book profits at Rs 3,165.

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