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Today's picks: From JSW Steel to HDFC, hot stocks to watch on Friday

For JSW Steel, keep a stop at Rs 272 and go short

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Devangshu Datta
Nifty

Current 11,831 (fut: 11,856),
Target: NA
Stop-long positions at 11,770.
Stop-short positions at 11,930. Big moves could go till 12,000, 11,700.  A long June 27, 11,900c (31), short 12,000c (12) could gain 10-15 if the index tests 11,900.
 
Bank Nifty

Current: 30,781 (fut: 30,774),
Target: NA
Stop-long positions at 30,650. Stop-short positions at 30,900. Big moves could go till 31,100, 30,450. Uptrend likely to
continue.  
 
JSW Steel 

Current price: Rs 269.5
Target price: Rs 265
Keep a stop at Rs 272 and go short. Add to the position between Rs 266-Rs 267. Book profits