Today's picks: From Sun Pharma to ONGC, hot stocks to watch on Wednesday

Nifty, Bank Nifty, Sun Pharma, Bajaj Finance, ONGC

Nifty 
 

Current 11,966 (fut: 11,978), 

Target: NA

Stop long positions at 11,900. Stop short positions at 12,055. Big moves could go till 12,125, 11,820. Major resistance at 12,050-12,100. A long June 13, 12,000c (25) has breakeven at 12,025, which is almost in the money. 

Bank Nifty 
 

Current: 31,265 (fut: 31,245), 

Target: NA

Stop long positions at 31,100. Stop short positions at 32,400. Big moves could go till 

31,600, 30,900. Trend may be positive today. 

Sun Pharma 
 

Current price: Rs 390 

Target price: Rs 384

Keep a stop at 393 and 

go short. Add to the position between 385-386. 

Book profits at 384.

Bajaj Finance  
 

Current price: Rs 3,552 

Target price: Rs 3,600 

Keep a stop at 3,525 and 

go long. Add to the position between 3,585-3,595. 

Book profits at 3,600. 

ONGC
 

Current price: Rs 169  

Target price: Rs 172  

Keep a stop at 167 and 

go long. Add to the position 

between 170-171. 

Book profits at 172. 

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