Today's picks: From Bharti Infratel to NTPC, hot stocks to watch on Friday

Nifty, Bank Nifty, Bharti Infratel, NTPC and Hindalco

Nifty

Current: 11,972 (12,022)

Target: NA

Stop long positions at 11,925. Stop short positions at 12,125. Big moves could go till 12,175, 11,800. A long Dec 19, 11900p (41), short 11800p (24) could gain 10-15 if the index tests 11,900.

Bank Nifty

Current: 31,665 (31,720)

Target: NA
 

Stop long positions at 31,550. Stop short positions at 31,875. Big moves could go till 32,100, 31,300. The last session saw short-covering pulling the index up. Trend may still be negative.

Bharti Infratel

Current: Rs 252

Target: Rs 247

Keep a stop at 255 and go short. Add to the position between 248-249. Book profits at 247.

NTPC

Current: Rs 115

Target: Rs 118

Keep a stop at 113.5 and go long. Add to the position between 117-117.75. Book profits at 118.

Hindalco

Current: Rs 201

Target: Rs 205

Keep a stop at 199 and go long. Add to the position between 203-204. Book profits at 205.

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