Today's picks: From Coal India to UPL, hot stocks to watch on Wednesday
For Coal India, keep a stop at Rs 231 and go long. Add to the position between Rs 235 and Rs 236
 "Coal India")
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Last Updated : Jan 09 2019 | 7:25 AM IST
Nifty
Current: 10,802 (fut: 10,833)
Target: NA
Stop-long positions at 10,750. Stop short positions at 10,910. Big moves could go till 10,975, 10,700. A short 10,700p (109), short 11,000c (80), long 11,100c (49), long 10,600p (82) offers a net inflow of 58, with a maximum cost of 42 and breakevens at 10642, 11058.
Bank Nifty
Current: 27,509 (fut: 27,610)
Target: NA
Stop-long positions at 27,450. Stop short positions at 27,750. Big moves could go till 27,950, 27,250. Trend could be positive and test resistance at 28,000.
Indiabulls Housing
Current price: Rs 812
Target price: Rs 800
Keep a stop at Rs 820 and go short. Add to the position between Rs 801 and Rs 804. Book profits at Rs 800.
UPL
Current price: Rs 752
Target price: Rs 740
Keep a stop at Rs 759 and go short. Add to the position between Rs 742 and Rs 745. Book profits at Rs 740.
Coal India
Current price: Rs 233
Target price: Rs 237
Keep a stop at Rs 231 and go long. Add to the position between Rs 235 and Rs 236. Book profits at Rs 237.
Target prices, projected movements in terms of next session, unless otherwise stated