Today's picks: From Asian Paints to M&M, hot stocks to watch on Friday

Nifty, Bank Nifty, Asian Paints, PowerGrid, Mahindra & Mahindra

Nifty 

Current: 10,957 (fut: 10,983), Target: NA

Stop-long positions at 10,900. Stop-short positions at 11,055. Big moves could go till 11,100, 10,850. A long 10,900p (49), short 10,800p (29) could gain 15-20 if the index dips below 10,900.

Bank Nifty

Current: 26,790 (fut: 26,852)

Target: NA

Stop-long positions at 26,725. Stop-short positions at 26,975. Big moves could go till 27,150, 26,500. Slight negative bias.

Asian Paints 

Current price: Rs 1,403 

Target price: Rs 1,425 

Keep a stop at Rs 1,395 and go long. Add to the position between Rs 1,415 and Rs 1,420. Book profits at Rs 1,425.

PowerGrid  

Current price: Rs 177

Target price: Rs 174

Keep a stop at Rs 179 and go short. Add to the position between Rs 175 and Rs 176. 

Book profits at Rs 174.

Mahindra & Mahindra     

Current price: Rs 913 

Target price: Rs 930

Keep a stop at Rs 905 and go long. Add to the position between Rs 923 and Rs 927. Book profits at Rs 930.

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