Today's picks: From ONGC to Asian Paints, hot stocks to watch on Friday

Nifty, Bank Nifty, ONGC, HCL Technologies and Asian Paints

Nifty 
 

Current: 10,514 (fut: 10,522), Target: NA

Stop long positions at 10,450.

Stop short positions at 10,600.

Big moves could go till 10,650, 10,400. 

A long 10,400p (22), long 10,600c (25) offset by short 10,300p (10), short 10700c (6) costs 31.

Bank Nifty 

Current: 26,017 (fut: 25,969) Target: NA

Stop long positions at 258,50.

Stop short positions at 26,100.

Big moves could go till 26,300, 25,600.

Resistance at 26,175-26,225. Support at 25,775-25,800.

ONGC

Current price: Rs 168  

Target price: Rs 163 

Keep a stop at Rs 171 and go short.

Add to the position between Rs 164 and Rs 165.

Book profits at Rs 163.

HCL Technologies

Current price: Rs 912

Target price: Rs 930

Keep a stop at Rs 902 and go long. 

Add to the position between Rs 922 and Rs 927.

Book profits at Rs 930.

Asian Paints 

Current price: Rs 1,294   

Target price: Rs 1,320

Keep a stop at Rs 1,288 and go long. 

Add to the position between Rs 1,306 and Rs 1,310.

Book profits at Rs 1,320.

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