Today's picks: From Dr Reddy's to BPCL, hot stocks to watch on Friday

For Nifty, stop long positions at 11870. Stop short positions at 12050. Big moves could go till 12125, 11825.

Nifty
 

Current: 11,968 (fut: 11,971)

Target: NA

Stop long positions at 11870. Stop short positions at 12050. Big moves could go till 12125, 11825. Trend may go negative. A long Nov 28, 11800p (27), 11700p (15) could gain 10-15 if the 11800 is tested.

Bank Nifty
 

Current: 31,349 (fut: 31,315)

Target: NA

Stop long positions at 31175. Stop short positions at 31500. Big moves could go till 31700, 30950. Trend may have a negative bias.

Gail
 

Current: Rs 122

Target: Rs 119

Keep a stop at 124 and go short. Add to the position between 119 and 120. Book profits at 119.

BPCL
 

Current: Rs 514

Target: Rs 502

Keep a stop at 520 and go short. Add to the position between 505 and 507. Book profits at 502.

Dr Reddy’s
 

Current: Rs 2,879 

Target: Rs 2,925

Keep a stop at 2850 and go long. Add to the position between 2,910 and 2,920. Book profits at 2925.

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