 "Today's picks: From Wipro to Asian Paints, hot stocks to watch on Wednesday")
Nifty
Current: 10,909 (fut: 10,935)
Target: NA
Stop-long positions at 10,850. Stop short positions at 11,010.
Big moves could go till 11,975, 10,775.
A long 10,800p (39), long 11,100c (29) can be offset by short 10,700p (24) and short 11,200c (12) for a net cost of 32.
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Bank Nifty
Current: 27,175 (fut: 27,265)
Target: NA
Stop-long positions at 27,000. Stop short positions at 27,400.
Big moves could go till 26,800, 27,650.
Trend will be driven by Fed Meet newsflow so next two sessions may be volatile.
UPL
Current price: Rs 743
Target price: Rs 730
Keep a stop at Rs 750 and go short.
Add to the position between Rs 732 and Rs 730.
Book profits at Rs 730.
Wipro
Current price: Rs 335
Target price: Rs 330
Keep a stop at Rs 338 and go short.
Add to the position between Rs 331 and Rs 332.
Book profits at Rs 330.
Asian Paints
Current price: Rs 1,356
Target price: Rs 1,380
Keep a stop at Rs 1345 and go long.
Add to the position between Rs 1370 and Rs 1375.
Book profits at Rs 1380.
Target prices, projected movements in terms of next session, unless otherwise stated
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