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

Nifty, Bank Nifty, Bank Nifty, Tata Steel, State Bank of India, Coal India

Nifty      
Current:  10,242  (fut: 10,233)
Target: NA
Stop-long positions at 10,170. Stop-short positions at 10,300. Big moves could go till 10,350, 10,100. A long 10,100p (75), short 10,000p (52) could double if the index drops below 10,125.
 
Bank Nifty      

Current: 24 ,477   (futures: 24,500)
Target: NA 
Stop-long positions at 24,375. Stop-short positions at 24,625. Big moves could go till 24,850, 24,150. trend may go negative again after Wednesday's burst of short covering.
 
Tata Steel         
Current price: Rs 635 
Target price: Rs 625
Keep a stop at Rs 641 and go short. Add
to the position between Rs 627 and Rs 629. Book profits at Rs 625.

 
State Bank of India 
Current price: Rs 257 
Target price: Rs 252
Keep a stop at Rs 260 and go short. Add
to the position between Rs 253 and Rs 254. Book profits at Rs 252.
 
Coal India         
Current price: Rs 306
Target price: Rs 300
Keep a stop at Rs 309 and go short.
Add to the position between Rs 301
and Rs 302. Book profits at Rs 300.