Today's picks: From Indian Oil to Tata Steel, hot stocks to watch on Friday

Nifty, Bank Nifty, Indian Oil, Tata Steel, Power Grid

Nifty
Current: 10,360 (futures: 10,366)
Target: NA
Stop-long positions at 10,300. Stop-short positions at 10,425. Big moves could go till 10,475, 10,250. A long 10,300p (82), short 10,200p (54) could gain 15-20 if the futures drops below 10,300.
 
Bank Nifty

Current: 24,791 (futures: 24,795)
Target: NA
Stop-long positions at 24,685. Stop-short positions at 24,800.  Big moves could go till 25,100, 24,500. Trend could stay down.

Indian Oil
Current price: Rs 192
Target price: Rs 188
Keep a stop at Rs 194 and go short. Add
to the position between Rs 189 and Rs 190. Book profits at Rs 188.

 
Tata Steel
Current price: Rs 612
Target price: Rs 600
Keep a stop at Rs 618 and go short. Add
to the position between Rs 602 and Rs 605. Book profits at Rs 600.
 
PowerGrid 
Current price: Rs 195
Target price: Rs 199
Keep a stop at Rs 193 and go long. Add
to the position between Rs 197 and Rs 198. Book profits at Rs 199.