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

Nifty, Bank Nifty, Asian Paints and Coal India

Nifty       

Current: 10,768  (fut: 10,761) Target: NA

Stop-long positions at 10,690. Stop-short positions at 10,825. Big moves could go till 10,875, 10,650. A long 10,900c (48) long 10,600p (60) offset by short 10,500p (40), 11,000c (24) has break-evens at 10,944, 10,556.

Bank Nifty       

Current: 26,517  (futures: 26,558) 

Target: NA  

Stop-long positions at 26,425. 

Stop-short positions at 26,675. Big moves could go till 26,200, 26,900. The uptrend could hit major resistances at 26,700-26,750 or at 26,950-27,000.

Asian Paints          

Current price: Rs 1,290 

Target price: Rs 1,310

Keep a stop at Rs 1,280 and go long. Add to the position between Rs 1,300 and Rs 1,305. Book profits at Rs 1,310.

Coal India   

Current price: Rs 289  

Target price: Rs 284

Keep a stop at Rs 292 and go short. 

Add to the position between Rs 285 and Rs 286. Book profits at Rs 284.
 

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