Today's picks: From Power Grid to Bharti Airtel, hot stocks to watch today

Nifty, Bank Nifty, Larsen & Toubro, Bharti Airtel, Power Grid

Nifty 

Current: 11,470 (fut: 11,484), Target: NA

Stop-long positions at 11,400. 

Stop-short positions at 11,555. Big moves could go till 11,605, 11,350. 

A long 11,600c (55), long 11,300p (57) can be offset with short 11,700c (29), short 11,200p (40). The breakevens are at 11,257, 11,643.

Bank Nifty 

Current: 28,320 (fut: 28,345) 

Target: NA

Stop-long positions at 28,200. Stop-short positions at 28,500. Big moves could go till 28,650, 28,000. Trend still has positive bias.

Larsen & Toubro 

Current price: Rs 1,275 

Target price: Rs 1,255 

Keep a stop at Rs 1,285 and go  short. Add to the position between Rs 1,260 and Rs 1,265. Book profits at Rs 1,255.

Bharti Airtel 

Current price: Rs 367

Target price: Rs 373

Keep a stop at Rs 363 and go  long. Add to the position between Rs 371 and Rs 372. 

Book profits at Rs 373

Power Grid   

Current price: Rs 193 

Target price: Rs 189

Keep a stop at Rs 195 and go  short. Add to the position between Rs 190 and Rs 191. 

Book profits at Rs 189.

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