 "Today's picks: From Bharti Infratel to CIL, stocks to watch on Wednesday")
Nifty
Current: 11,049 (fut: 11,071)
Target: NA
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Stop-long positions at 10,990.
Stop-short positions at 11,160. Big moves could go till 11,200, 10,875.
A long 10,800p (82), long 11,300c (74) would work if Budget volatility pushed the market past breakevens at 11,455, 10,645.
Bank Nifty
Current: 27,269 (futures: 27,350)
Target: NA
Stop-long positions at 27,225. Stop-short positions at 27,475.
Big moves could go till 27,000, 27,700.
Trend overall bullish likely to be affected by Budget-related news-flow.
Bharti Infratel
Current price: Rs 344
Target price: Rs 338
Keep a stop at Rs 348 and go short.
Add to the position between Rs 339 and Rs 340.
Book profits at Rs 338.
Asian Paints
Current price: Rs 1,126
Target price: Rs 1,145
Keep a stop at Rs 1,115 and go long.
Coal India
Current price: Rs 306
Target price: Rs 312
Keep a stop at Rs 303 and go long.
Add to the position between Rs 309 and Rs 311. Book profits at Rs 312.
Target prices, projected movements in terms of next session, unless otherwise stated
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