Today's picks: GAIL to Tata Steel, hot stocks to watch on Wednesday
Tata Steel , GAIL, ITC, NIFTY
 "Today's picks: GAIL to Tata Steel, hot stocks to watch on Wednesday")
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Nifty
Current: 11856 (fut: (11902)
Target: NA
Stop long positions at 11800. Stop short positions at 12000. Big moves could go till 12075, 11725. Trend is negative. A long Dec 19 11700p (32), short 11600p (17) could gain 10-15 if the index falls below 11775.
Bank Nifty
Current 31160 (fut: 31244)
Also Read
Target: NA
Stop long positions at 31100.
Stop short positions at 31400.
Big moves could go till 31600, 30900. Trend is negative.
GAIL
Current price: Rs 111
Target price: Rs 107
Keep a stop at 113 and go short. Add to the position between 108-109. Book profits at 107.
ITC
Current price: Rs 236
Target price: Rs 230
Keep a stop at 239 and go short. Add to the position between 231-232. Book profits at 230.
Tata Steel
Current price: Rs 402
Target price: Rs 410
Keep a stop at 398 and go long. Add to the position between 407-409. Book profits at 410
Target prices, projected movements in terms of next session, unless otherwise stated
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