From IOC to YES Bank, hot stocks to watch on Wednesday

Nifty, Bank Nifty, IOC, Asian Paints, YES bank

Nifty 

Current: 10,549 (fut: 10,584), Target: NA

Stop-long positions at 10,500. Stop-short positions at 10,670. Big moves could go till 10,450, 10,700. Trend likely to stay negative. A long 10,400p (87), short 10,300p (65) could gain 15-20 if the futures drops below 10,475.  

Bank Nifty 

Current: 26,163 (fut: 26,273)

Target: NA

Stop-long positions at 26,150. Stop-short positions at 26,400. Big moves could go till 25,800, 26,650. Trend may stay negative.

IOC

Current: Rs 132 Target: Rs 128 

Keep a stop at Rs 134 and go short. Add to the position between Rs 129 and Rs 130. Book profits at Rs 128.

Asian Paints 

Current: Rs 1,323 Target: Rs 1,345

Keep a stop at Rs 1,310 and go long. Add to the position between Rs 1,335 and Rs 1,340. Book profits at Rs 1,345.

YES Bank  

Current: Rs 178 Target: Rs 173

Keep a stop at Rs 180 and go  short. Add to the position between Rs 174 and Rs 175. Book profits at Rs 173.