Today's picks: From HDFC, ITC to UPL, hot stocks to buy on Friday

For ITC, keep a stop at Rs 281 and go short. Add to the position between Rs 274 and Rs 275.

Nifty 

Current: 10,831 (fut: 10,851) 

Target: NA

Stop-long positions at 10,750. 

Stop-short positions at 10930.  Big moves could go till 11,000, 10,650. Extra volatility likely. 

A long 11,100c (74), long 10,600p (108), short 11,200c (45), short 10,500p (85) combination has breakevens at 11,152, 10,548. 

Nifty Bank  

Current: 27,295 (fut: 27,320)  

Target: NA

Stop-long positions at 27,175.  Stop-short positions at 27,475.  Big moves could go till 27,800, 

27,750. Extra Volatility Likely.  Newsflow from Budget will 

dictate trends. 

ITC 

Current price: Rs 278

Target price: Rs 273

Keep a stop at Rs 281 and go short. Add to the position between Rs 274 and Rs 275. 

Book profits at Rs 273.  

HDFC 

Current price: Rs 1,922

Target price: Rs 1,950

Keep a