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Today's picks: From NTPC to L&T, hot stocks to watch on Friday

For NTPC, Keep a stop at Rs 156 and go short

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Devangshu Datta
Nifty   
   
Current: 10,617  (fut: 10,623)

Target: NA

Stop-long positions at 10,545. Stop-short positions at 10,700. Big moves could go till 10,750, 10,500. Strong resistance above 10,700. A long 10,500p (82), short 10,400p (57) could 
gain 10-15 if the index drops below 10,550.


Bank Nifty   
   
Current: 26,155   (futures: 26,178) 

Target: NA  

Stop-long positions at 26,025. Stop-short positions at 26,300. Big moves could go till 25,825, 26,525. Heavy resistance at 
26,250-26,300 but trend may stay positive. 

NTPC           

Current price: Rs 154

Target price: Rs 150
 
Keep a stop at Rs 156 and go short. Add to 
the