Today's picks: From Infosys to IOC, hot stocks to watch on Wednesday

Nifty, Bank Nifty, Indian Oil Corp, Infosys, Tata Motors

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Devangshu Datta
Last Updated : May 23 2018 | 6:30 AM IST
Nifty 

Current: 10,536 (fut: 10,555), Target: NA
Stop-long positions at 10,475. Stop-short positions at 10,625. Big moves could go till 10,675, 10,425. A long 10,700c (16), long 10,400p (25) would gain if there's a big move in either direction.

Bank Nifty 

Current: 25,777 (fut: 25,837) Target: NA
Stop-long positions at 25,700. Stop-short positions at 25,975. Big moves could go till 26,150, 25,500. Trend remains negative but short-covering may spark a pullback.  

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Indian Oil Corp 

Current price: Rs 160  
Target price: Rs 156 
Keep a stop at Rs 161 and go short. Add to the position between Rs 157 and Rs 158. Book profits at Rs 156. 

Infosys 

Current price: Rs 1,194
Target price: Rs 1,215
Keep a stop at Rs 1,185 and go long. Add to the position between Rs 1,205 and Rs 1,210. 
Book profits at Rs 1,215.

Tata Motors  

Current price: Rs 308  
Target price: Rs 314
Keep a stop at Rs 305 and go 
long. Add to the position between Rs 312 and Rs 313. 
Book profits at Rs 314.  
Target prices, projected movements in terms of next session, unless otherwise stated

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