We study here the spherical gravitational collapse assuming initial data to be necessarily smooth, as motivated by requirements based on physical reasonableness. A tangential pressure model is constructed and analysed in order to understand the final fate of collapse explicitly in terms of the density and pressure parameters at the initial epoch from which the collapse develops. It is seen that both black holes and naked singularities are produced as collapse end states even when the initial data are smooth. We show that the outcome is decided entirely in terms of the initial data, as given by density, pressure and velocity profiles at the initial epoch, from which the collapse evolves.