Today's picks: From Sun Pharma to Power Grid, hot stocks to buy on Friday

For Bank Nifty, Stop-long positions at 29,650. Stop- short positions at 29,950

Nifty       

Current: 11,724 (fut: 11,764) 

Target: NA

Stop-long positions at 11,675. Stop short-positions at 11,850. Big moves could go till 11,900, 11,625. A long May 16 11,600p (42), short 11,500p (23) could gain 10-15 if the index falls till 11625.

Bank Nifty       

Current: 29,708  (futures: 29,810) 

Target: NA  

Stop-long positions at 29,650. 

Stop- short positions at 29,950. 

Big moves could go till 30,125, 29,500. Trend is slightly bearish.

Sun Pharma             

Current price: Rs 453 

Target price: Rs 446

Keep a stop at 457 and go short. 

Add to the position between 447 and 449. 

Book profits at 446.

Tata Motors

Current price: Rs 207  

Target price: Rs 202

Keep a stop at 210 and go short. Add to the position between 203 and 204. Book profits at 202.

Power Grid 

Current price: Rs 190    

Target price: Rs 194

Keep a stop at 188 and go long. Add to the position between 

192 and 193. Book profits at 194.

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