Today's picks: From Tata Steel to SBI, hot stocks to watch on Friday

Nifty, Bank Nifty, Bank Nifty, Tata Steel, State Bank of India, Coal India

Nifty      

Current:  10,242  (fut: 10,233)

Target: NA

Stop-long positions at 10,170. Stop-short positions at 10,300. Big moves could go till 10,350, 10,100. A long 10,100p (75), short 10,000p (52) could double if the index drops below 10,125.

 

Bank Nifty      

Current: 24 ,477   (futures: 24,500)

Target: NA 

Stop-long positions at 24,375. Stop-short positions at 24,625. Big moves could go till 24,850, 24,150. trend may go negative again after Wednesday's burst of short covering.

 

Tata Steel         

Current price: Rs 635 

Target price: Rs 625

Keep a stop at Rs 641 and go short. Add

to the position between Rs 627 and Rs 629. Book profits at Rs 625.

 

State Bank of India 

Current price: Rs 257 

Target price: Rs 252

Keep a stop at Rs 260 and go short. Add

to the position between Rs 253 and Rs 254. Book profits at Rs 252.

 

Coal India         

Current price: Rs 306

Target price: Rs 300

Keep a stop at Rs 309 and go short.

Add to the position between Rs 301

and Rs 302. Book profits at Rs 300.