Today's picks: From BPCL to Wipro hot stocks to watch on Wednesday

Nifty, Bank Nifty, Larsen & Toubro, BPCL, Wipro

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Devangshu Datta
Last Updated : May 09 2018 | 7:15 AM IST
Nifty
Current: 10,717 (fut: 10,735), Target: NA
Stop-long positions at 10,650. Stop-short positions at 10,810. Big moves could go till 10,875, 10,600. A short 10,600p (91), short 10,800c (103) offset by long 10,500p (66), long 10,900c (63) pays 65, with breakevens at 10535, 10865. It has a maximum loss of 35. 
 
Bank Nifty
Current: 26,090 (fut: 26,032)

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Target: NA
Stop-long positions at 25,900. Stop-short positions at 26,150. Big moves could go till 26,350, 25,675. Profit booking could reverse the uptrend. 
 
Larsen & Toubro 
Current price: Rs 1,365
Target price: Rs 1,340
Keep a stop at Rs 1,375 and go short. Add to the position between Rs 1,345 and 1,350.
Book profits at Rs 1,340. 
 
BPCL
Current price: Rs 393 
Target price: Rs 387
Keep a stop at Rs 397 and go short. Add to the position between Rs 388 and Rs 390.
Book profits at Rs 387.
 
Wipro   
Current price: Rs 273
Target price: Rs 278
Keep a stop at Rs 270 and go long. Add to the position between Rs 276 and Rs 277.
Book profits at Rs 278.
 Target prices, projected movements in terms of next session, unless otherwise stated 


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