Today's picks: From Hindalco to Cipla, hot stocks to watch on Friday

For Cipla, keep a stop at Rs 656 and go long. Add to the position between Rs 669 and Rs 671

Nifty   
   

Current: 11,536  (fut: 11,546)
Target: NA

Stop-long positions at 11,465. Stop-short positions at 11,625. Big moves could go till 11,700, 11,400. A long 11,700c (61), short 11,800c (36) will gain 10-15 if the index rallies till 11,650.   

Bank Nifty       
 

Current: 27,469   (futures: 27,544) 

Target: NA  

Stop-long positions at 27,400. Stop-short positions at 27,675. Big moves could go till 27,900, 27,150. Trend still has a negative bias despite the positive session on Wednesday.

Hindalco   
       

Current price: Rs 235

Target price: Rs 239

Keep a stop at Rs 233 and go long. Add to the position between Rs 237 and Rs 238. 

Book profits at Rs 239. 

Cipla     
 

Current price: Rs 662 

Target price: Rs 672

Keep a stop at Rs656 and go long. Add to the position between Rs 669 and Rs 671. 

Book profits at Rs 672.

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