Today's picks: Asian Paints to Coal India, hot stocks to watch on Tuesday

For Asian Paints keep a stop at Rs 802 and go short

Nifty

Current: 12,263  (fut: 12,276) 

Target: NA

Stop long positions at 12,175. Stop short positions at 12,350. Big moves could go till 12,075, 12,425. A long 12,200p (16), short 12,100p (6)  could gain 15-20 if the index breaks support at 12,200. 

Bank Nifty

Current: 32,336  (fut: 32,339) 

Target: NA

Stop long positions at 32,175. Stop short positions at 32,500. Big moves could go till 32,700, 31,975. Trend could go strongly negative. 

Asian Paints 

Current: Rs 1,808 

Target: Rs 1,840 

Keep a stop at Rs 802 and go short. Add to the position between Rs 785 and Rs 788. Book profits at Rs 782.

Coal India

Current: Rs 197  

Target: Rs 193

Keep a stop at Rs 199 and go short. Add to the position between Rs 194 and Rs 195. Book profits at Rs 193.

ZEEL 

Current: Rs 295   

Target: Rs 290 

Keep a stop at Rs 298 and go short. Add to the position between Rs 291 and Rs 292. Book profits at Rs 290. 

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