 "Today's picks: From Hindalco to Hero MotoCorp, hot stocks to buy on Tuesday")
Nifty
Current 11,354 (fut: 11,373),
Target: NA
Stop-long positions at 11,295. Stop-short positions at 11,455. Big moves could go till 11,500, 11,250. A long 11,300p (30), short 11,200p (13) costs 17 and it has just three sessions to expiry but it could yield 500 per cent return if the index falls another 1.3 per cent.
Bank Nifty
Current: 29,281 (fut: 29,320),
Also Read
Target: NA
Stop-long positions at 29,200. Stop-short positions at 29,450. Big moves could go till 29,000, 29,650. Trend is negative.
Hindalco
Current price: Rs 205
Target price: Rs 200
Keep a stop at Rs 207 and go short. Add to the position
between Rs 201 and Rs 202.
Book profits at Rs 200.
Hero MotoCorp
Current price: Rs 2,575
Target price: Rs 2,520
Keep a stop at Rs 2602 and go short. Add to the position
between Rs 2530 and Rs 2540. Book profits at Rs 2520.
Power Grid
Current price: Rs 202
Target price: Rs 206
Keep a stop at Rs 200 and go
long. Add to the position
between Rs 204 and Rs 205.
Book profits at Rs 206.
Target prices, projected movements in terms of next session, unless otherwise stated
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