 "Today's picks: From BPCL to Titan, hot stocks to watch on Wednesday")
Nifty
Current: 11,796 (fut: 11789)
Target: NA
Stop-long positions at 11,715.
Stop-short positions at 11,875.
Big moves could go till 11,925, 11,650. A short 11,800c (41), short 11,800p (55) straddle costs 96. This can be taken with long 11,700p (23), long 11,900c (10) as cover.
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Nifty Bank
Current 30,847 (fut: 30,855)
Target: NA
Stop-long positions at 30,700.
Stop-short positions at 31,000.
Big moves could go till 31,200, 30,500. Trend is mildly positive.
BPCL
Current price: Rs 393
Target price: Rs 387
Keep a stop at Rs 396 and go short. Add to the position between Rs 388-Rs 389. Book profit at Rs 387.
L&T
Current price: Rs 1,535
Target price: Rs 1,510
Keep a stop at Rs 1,545 and go short. Add to the position between Rs 1,515-Rs 1,520. Book profit at Rs 1,510.
Titan
Current price: Rs 1318
Target price: Rs 1340
Keep a stop at Rs 1,305 and go long. Add to the position between Rs 1,330-Rs 1,135. Book profit at Rs 1,340.
Target prices, projected movements in terms of next session, unless otherwise stated
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