Today's picks: From Coal India to Infosys, hot stocks to buy on Friday

For Coal India, keep a stop at Rs 231 and go short

Nifty 
 

Current: 10,792 (fut 10,870)
 

Target: NA
 

Stop-long positions at 10,775. Stop-short positions at 10,950. Big moves could go till 11,025, 10,700. Newsflow will be critical. The market may see a relief rally if Indo-Pak tensions ease. A long Mar 07, 11,100c (23) and short 11,200c (6) bullspread may double in value if the index crosses 10950.

Bank Nifty 
 

Current: 26,790 (fut: 26,985) 
 

Target: NA
 

Stop-long positions at 26,825. Stop-short positions at 27,125. Big moves could go till 27,300, 26,650. Newsflow will be critical. Trend is unclear.

Coal India
 

Current price: Rs 228
 

Target price: Rs 224
 

Keep a stop at Rs 231 and go short. Add to the position between Rs 225 and Rs 226. 
 

Book profits at Rs 224.

Grasim   
 

Current price: Rs 777
 

Target price: Rs 765
 

Keep a stop at Rs 783 and go short. Add to the position between Rs 767 and Rs 770.
 

Book profits at Rs 765.

Infosys  
 

Current price: Rs 734
 

Target price: Rs 745
 

Keep a stop at Rs 728 and go long. Add to the position between Rs 742 and Rs 744. 
 

Book profits at Rs 745.

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