Today's picks: From BPCL to Wipro hot stocks to watch on Wednesday

Nifty, Bank Nifty, Larsen & Toubro, BPCL, Wipro

Nifty

Current: 10,717 (fut: 10,735), Target: NA

Stop-long positions at 10,650. Stop-short positions at 10,810. Big moves could go till 10,875, 10,600. A short 10,600p (91), short 10,800c (103) offset by long 10,500p (66), long 10,900c (63) pays 65, with breakevens at 10535, 10865. It has a maximum loss of 35. 

 

Bank Nifty

Current: 26,090 (fut: 26,032)

Target: NA

Stop-long positions at 25,900. Stop-short positions at 26,150. Big moves could go till 26,350, 25,675. Profit booking could reverse the uptrend. 

 

Larsen & Toubro 

Current price: Rs 1,365

Target price: Rs 1,340

Keep a stop at Rs 1,375 and go short. Add to the position between Rs 1,345 and 1,350.

Book profits at Rs 1,340. 

 

BPCL

Current price: Rs 393 

Target price: Rs 387

Keep a stop at Rs 397 and go short. Add to the position between Rs 388 and Rs 390.

Book profits at Rs 387.

 

Wipro   

Current price: Rs 273

Target price: Rs 278

Keep a stop at Rs 270 and go long. Add to the position between Rs 276 and Rs 277.

Book profits at Rs 278.

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