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

For TCS keep a stop at 2,230 and go long. Add to the position between 2,275-2,285. Book profits at 2,290.

Nifty

Current: 10,798 (10,814)

Target: NA

Stop long positions at 10,725. Stop short positions at 10,900. Big moves could go till 10,625, 11,000. A long Sep 12, 10,600p (52), short 10,500p (30) could gain 15-20 if the 10,600 level is struck.
 

Nifty Bank

Current: 26,824  (fut 26,810)

Target: NA

Stop long positions at 26,675. Stop short positions at 26,975. Big moves could go till 26,475, 27,200. Trend remains negative. 
 

TCS 

Current: Rs 2,251 

Target: Rs 2,290 

Keep a stop at 2,230 and go long. Add to the position between 2,275-2,285. Book profits at 2,290. 
 

Coal India

Current: Rs 181  

Target: Rs 177 

Keep a stop at 183 and go short. Add to the position between 178-179. Book profits at 177. 
 

ONGC

Current: Rs 117  

Target: Rs 114

Keep a stop at 118.5 and go short. Add to the position between 114.5-115. Book profits at 114.