 "Today's picks: From NTPC to UPL, hot stocks to buy on Wednesday")
Nifty
Current: 10,604 (fut 10,615)
Target: NA
Stop long positions at 10,525. Stop short positions at 10,685. Big moves 10,490, 10,735. A long 10500p (71), short 10400p (48) could gain 10-15 if the index tests 10,525.
Bank Nifty
Current: 26,685 (fut: 26,709)
Also Read
Target: NA
Stop long positions at 26,550.
Stop short positions at 26,850.
Big moves 27,050, 26,350. Trend still negative.
NTPC
Current price: Rs 134
Target price: Rs 130
Keep a stop at Rs 136 and go short. Add to the position between Rs 131 and Rs 132. Book profits at Rs 130.
UPL
Current price: Rs 817
Target price: Rs 824
Keep a stop at Rs 813 and go long. Add to the position between Rs 822 and Rs 823.
Book profits at Rs 824.
Larsen & Toubro
Current price: Rs 1,264
Target price: Rs 1,282
Keep a stop at Rs 1255 and go long. Add to the position between Rs 1275and Rs 1280.
Book profits at Rs 1282.
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