Today's picks: From M&M to Coal India, hot stocks to watch today

Nifty, Bank nifty, Mahindra & Mahindra, Coal India, UltraTech

Nifty      
Current: 10,772 (fut: 10,788) Target: NA
Stop-long positions at 10,710. Stop-short positions at 10,850. Big moves could go
till 10,925, 10,675. A long 10,700p (42),
long 10,900c (25) offset by short
11,000c (8) , short 10,600p (23) has break-evens at 10,934, 10,666.

 
Bank Nifty      
Current: 26,557   (futures: 26,612)
Target: NA 
Stop-long positions at 26,500.
Stop-short positions at 26,725. Big moves could go till 26,950, 26,300. trend is hard to read. Support at 26,250, resistance at 26,850.
 
Mahindra & Mahindra         
Current price: Rs 904
Target price: Rs 920
Keep a stop at Rs 895 and go long. Add to the position between Rs 913 and Rs 917. Book profits at Rs 920.

 
UltraTech   
Current price: Rs 3,651
Target price: Rs 3,710
Keep a stop at Rs 3,620 and go long.
Add to the position between Rs 3,690 and Rs 3,700. Book profits at Rs 3,710.  
 
Coal India      
Current price: Rs 270 
Target price: Rs 265
Keep a stop at Rs 273 and go short.
Add to the position between Rs 266and Rs 267. Book profits at Rs 265.
 
Target prices, projected movements in terms of next session, unless otherwise stated