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Today's picks: NTPC to Larsen & Toubro, hot stocks to watch on Friday

For NTPC, Keep a stop at 95.5 and go short

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Devangshu Datta
Nifty 
 
Current: 9,590 (fut: 9,580)
Target: NA
 
Stop long positions at 9,475. Stop short positions at 9,700. Big moves could go till 9,900, 9,200. Trend is negative but be prepared for extreme volatility. A long March 19, 9,200p (203), short 9,000p (158) could gain 25-35 if the index slides below 9,200.

Bank Nifty 

Current 2,3971 (fut: 2,4011)
Target: NA

Stop long positions at 23800. Stop short positions at 24200. Big moves could go till 23500, 24500. Trend negative but extreme volatility likely. 


NTPC 

Current price: Rs 94.5 
Target price: Rs 92 

Keep a stop at 95.5 and go short. Add to the