Today's picks: From Dr Reddy's to M&M hot stocks to watch on Tuesday

Nifty, Bank NIfty, Zee Entertainment, Dr Reddy's, Mahindra & Mahindra

Nifty

Current: 10,715 (fut: 10,742), Target: NA

Stop-long positions at 10,670. Stop-short positions at 10,820. Big moves could go till 10,875, 10,625. A long 10,600p (85), short 10,600p (62) could gain 10-15 if the index falls till 10,650.

 

Bank Nifty

Current: 25,852 (fut: 25,895)

Target: NA

Stop-long positions at 25,775. Stop-short positions at 26,025. Big moves could go till 26,250, 25,550. Trend may be positive.

 

Zee Entertainment

Current price: Rs 600

Target price: Rs 612

Keep a stop at Rs 595 and go long. Add to the position between Rs 607 and Rs 611. Book profits at Rs 612.

 

Dr Reddy's

Current price: Rs 2,069

Target price: Rs 2,030

Keep a stop at Rs 2,090 and go short. Add to the position between Rs 2,035 and Rs 2,045. Book profits at Rs 2,030.

 

Mahindra & Mahindra  

Current price: Rs 886

Target price: Rs 900

Keep a stop at Rs 777 and go long. Add to the position between Rs 895 and Rs 998.

Book profits at Rs 900.

 

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