Today's picks: From Power Grid to JSW Steel, hot stocks to watch on Friday

Nifty

Current: 10,980  (fut: 11,027) 

Target: NA

Stop long positions at 10,925 . Stop short positions at  11,125. Big moves could go till 10,825, 11,225. A long Aug 08, 10,900p  (48), short 10,800p (29) could gain 10-15 If the index drops below 10900.

Bank Nifty

Current: 28,367  (28,586)  

Target: NA

Stop long positions at 28,400. Stop short positions at 28,700 . Big moves could go till 28,000, 28,850. Trend remains negative.

Power Grid

Current: Rs 214  

Target: Rs 218

Keep a stop at Rs 212  and go long . Add to the position between Rs 216-Rs 217 . Book profits at Rs 218.

JSW Steel

Current: Rs 225  

Target: Rs 220

Keep a stop at Rs 228 and go short.  Add to the position between Rs 221-Rs 222. Book profits at Rs 220.

Tata Motors

Current: Rs 130  

Target: Rs 125

Keep a stop at Rs 132 and go short. Add to the position between Rs 126 -Rs 127. Book profits at Rs 125.
Target prices, projected movements in terms of next session, unless otherwise stated



Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel