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

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