Today's picks: From Power Grid to Bharti Airtel, hot stocks to watch today

Nifty 
Current: 11,470 (fut: 11,484), Target: NA
Stop-long positions at 11,400. 
Stop-short positions at 11,555. Big moves could go till 11,605, 11,350. 
A long 11,600c (55), long 11,300p (57) can be offset with short 11,700c (29), short 11,200p (40). The breakevens are at 11,257, 11,643.

Bank Nifty 
Current: 28,320 (fut: 28,345) 
Target: NA
Stop-long positions at 28,200. Stop-short positions at 28,500. Big moves could go till 28,650, 28,000. Trend still has positive bias.

Larsen & Toubro 
Current price: Rs 1,275 
Target price: Rs 1,255 
Keep a stop at Rs 1,285 and go  short. Add to the position between Rs 1,260 and Rs 1,265. Book profits at Rs 1,255.

Power Grid   
Current price: Rs 193 
Target price: Rs 189
Keep a stop at Rs 195 and go  short. Add to the position between Rs 190 and Rs 191. 
Book profits at Rs 189. />
Target prices, projected movements in terms of next session, unless otherwise stated