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

Topics Todays picks

Illustration by Ajay Mohanty
Nifty

Current: 11,252 (11,315)

Target: NA

 

Stop long futures positions at 11225. Stop-short futures positions at 11375. Big moves (index not futures) may go till 11425, 11100. A long Aug 8, 11100p (27), long 11500c (27) would hit breakeven if the index

hits 11046, 11554 by Aug 08.

 

Bank Nifty

Current: 29,043 (fut: 29,265)

Target: NA

 

Stop long positions at 29025. Stop short positions at 29425. Big moves could go till 28800, 29600. Trend remains negative

despite short-covering on settlement.

 

JSW Steel

Current: Rs 249

Target: Rs 245

 

Keep a stop at 252 and go short. Add to the position between 246-247. Book profits at 245.

 

Tata Motors

Current: Rs 144

Target: Rs 140

 

Keep a stop at 146 and go short. Add to the position between 141-142. Book profits at 140.

 

Power Grid

Current: Rs 213 

Target: Rs 217

 

Keep a stop at 211 and go long. Add to the position between 215-216. Book profits at 217.

 

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



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