Today's picks: Tata Steel to YES Bank, hot stocks to watch on Wednesday

Nifty, Bank Nifty, Tata Steel, YES Bank

Nifty      

Current: 11,738  (fut: 11,757) Target: NA

Stop-long positions at 11,675.

Stop-short positions at 11,825.

Big moves could go till 11,625, 11,900. A long 11700p (19), long 11,800c (17) work gain if the index moves outside 11,664, 11,836 by Thursday.  

 

Bank Nifty      

Current: 28,269  (futures: 28,313)

Target: NA 

Stop-long positions at 28,175. Stop-short positions at 28,450. Big moves could go till 27,950, 28,725. Profit booking seems a little more likely than a continuing uptrend.

 

Tata Steel         

Current price: Rs 590

Target price: Rs 598

Keep a stop at Rs 585 and go long. Add to the position between Rs 596 and Rs 597. Book profits at Rs 598.

 

YES Bank   

Current price: Rs 370

Target price: Rs 364

Keep a stop at Rs 374 and go short. Add to the position between Rs 365 and Rs 366. Book profits at Rs 364.  Target prices, projected movements in terms of next session, unless otherwise stated