Today's picks: From Wipro to L&T, hot stocks to buy on Wednesday

Nifty, Bank Nifty, Larsen & Toubro, Zee Entertainment

markets, share market
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Devangshu Datta
1 min read Last Updated : Jun 05 2019 | 6:30 AM IST
Nifty 
 
Current 12,021 (fut: 12,073), 
Target: NA
Stop-long positions at 11,975 
Stop short positions at 12,175
Big moves could go till 12250, 11,925. A long June 27, 12300c (60), long 11,700p (60) can be offset by short 11,600p (46), 12,400c (34) for a position that costs 40 and pay 60 

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Bank Nifty 
 
Current: 31,589 (fut: 31,683), 
Target: NA
Stop long positions at 31550 Stop short positions at 31850 
Big moves could go till 32000, 31350. Trend likely to be very volatile today.

Larsen & Toubro
 
Current price: Rs 1,570 
Target price: Rs 1,590
Keep a stop at 1560 and 
go long. Add to the position 
between 1580-1585. 
Book profits at 1590.

Wipro 
 
Current price: Rs 294 
Target price: Rs 299 
Keep a stop at 292 and 
go long. Add to the position between 297-298. Book 
profits at 299.

Zee Entertainment
 
Current price: Rs 346  
Target price: Rs 340  
Keep a stop at 349 and 
go short. Add to the position 
between 341-342. Book profits at 340 

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

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