Today's picks: From Hindalco to Indiabulls, hot stocks to watch today

Nifty, Bank Nifty, Hindalco and Indiabulls Housing

Nifty

Current: 10,947 (fut: 10,949),

Target: NA

Stop-long positions at 10,875. Stop-short positions at 11,025

Big moves could go till 11,075, 10,825

A long 11,100c (35), short 11,200c (17) could gain 15-20 if the index strikes 11,000

Bank Nifty

Current: 26,895   (futures: 26,883) 

Target: NA  

Stop-long positions at 26,750. Stop-short positions at 27,000

Big moves could go till 26,575, 27,200. Trend remains positive

Hindalco          

Current price: Rs 229

Target price: Rs 233

Keep a stop at Rs 227 and go long

Add to the position between Rs 231 and Rs 232

Book profits at Rs 233

Indiabulls Housing 

Current price: Rs 1,143

Target price: Rs 1,125

Keep a stop at Rs 1,152 and go short. 

Add to the position between Rs 1,129 and Rs 1,132

Book profits at Rs 1,125

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