Today's picks: From L&T to Tata Steel, hot stocks to watch on Wednesday

Nifty, Bank Nifty, Larsen & Toubro and Tata Steel

Nifty       

Current: 11,134  (fut: 11,152) Target: NA

Stop-long positions at 11,075. Stop-short positions at 11,225. Big moves could go till 11,275, 11,025. A long 11,200c (16), long 11,100p (25) has breakevens at 11,241, 11,059. 

Bank Nifty       

Current: 26,975  (futures: 27,016) 

Target: NA  

Stop-long positions at 26,900. Stop-short positions at 27,125. Big moves could go till 27,350, 26,700. Bias is slightly negative.

Larsen & Toubro          

Current price: Rs 1,324

Target price: Rs 1,345

Keep a stop at Rs 1,215 and go long. Add to 

the position between Rs 1,335 and Rs 1,340.  Book profits at Rs 1,345.

Tata Steel     

Current price: Rs 528

Target price: Rs 537

Keep a stop at Rs 523 and go long. Add to the position between Rs 534 and Rs 536. 

Book profits at Rs 537.
 

Target prices, projected movements in terms of next session, unless otherwise stated