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

For JSW Steel, keep a stop at Rs 228 and go short. Add to the position between Rs 221-Rs 222

Nifty

Current: 10,980  (fut: 11,027) 

Target: NA

Stop long positions at 10,925 . Stop short positions at  11,125. Big moves could go till 10,825, 11,225. A long Aug 08, 10,900p  (48), short 10,800p (29) could gain 10-15 If the index drops below 10900.

Bank Nifty

Current: 28,367  (28,586)  

Target: NA

Stop long positions at 28,400. Stop short positions at 28,700 . Big moves could go till 28,000, 28,850. Trend remains negative.

Power Grid

Current: Rs 214  

Target: Rs 218

Keep a stop at Rs 212  and go long . Add to the position between Rs 216-Rs 217 . Book profits at Rs 218.

JSW Steel

Current: Rs 225  

Target: Rs 220

Keep a stop at Rs 228 and go short.  Add to the position between Rs 221-Rs 222. Book profits at Rs 220.

Tata Motors

Current: Rs 130  

Target: Rs 125

Keep a stop at Rs 132 and go short. Add to the position between Rs 126 -Rs 127. Book profits at Rs 125.

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