Today's picks: From Wipro to Powergrid, hot stocks to buy on Friday

For Dr Reddy keep a stop at 2,790 and go long

Nifty     

Current: 11,596 (futures: 11,670) 

Target: NA

Stop-long positions at 11,575. 

Stop-short positions at 11,750. Big moves could go till 11,525, 11,800. 

A long Apr 18, 11,800c (14), long Apr 18 11,500p (25) has breakevens at 11,839, 11,461.

Bank Nifty 

      

Current: 29,786   (futures: 29,956) 

Target: NA  

Stop-long positions at 29,800. 

Stop-short positions at 30,100. 

Big moves could go till 29,600, 30,300. Index trend is slightly negative.

Dr. Reddy

            

Current price: Rs 2,812 

Target price: Rs 2,855

Keep a stop at 2,790 and go long. 

Add to the position between 2,840 and 2,850. Book profits at 2,855. 

Tata Steel   

   

Current price: Rs 536  

Target price: Rs 526

Keep a stop at 541 and go short. 

Add to the position between 529 and 531. Book profits at 526.

Powergrid 

         

Current price: Rs 196 

   

Target price: Rs 192

Keep a stop at 198 and go short. Add to the position between 193 and 194. Book profits at 192.

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