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

For Hindalco, keep a stop at 157 and go short

Nifty

Current: 11,269 (fut: 11,245)
Target: NA

Stop long positions at 11265. Stop short positions at 11325. Big moves could go till 11450, 11050. Trend remains extremely volatile but bearish. A long Mar 12 10900p (74), short 11800p (57) could gain 10-15 if the index drops below 11100.
 
Bank Nifty
Current: 28,815 (fut 28,786)
Target: NA

Stop long positions at 28625. Stop short positions at 28925. Big moves could go till 29250, 28300.  Trend remains bearish.
 
Asian Paints
Current: Rs 1,874
Target: Rs 1,910

Keep a stop at 1860 and go long. Add to