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Today's picks: From Infosys to IOC, hot stocks to watch on Wednesday

Nifty, Bank Nifty, Indian Oil Corp, Infosys, Tata Motors

Devangshu Datta 

Nifty

Current: 10,536 (fut: 10,555), Target: NA

Stop-long positions at 10,475. Stop-short positions at 10,625. Big moves could go till 10,675, 10,425. A long 10,700c (16), long 10,400p (25) would gain if there's a big move in either direction.

Bank Nifty

Current: 25,777 (fut: 25,837) Target: NA

Stop-long positions at 25,700. Stop-short positions at 25,975. Big moves could go till 26,150, 25,500. Trend remains negative but short-covering may spark a pullback.

Indian Oil Corp

Current price: Rs 160

Target price: Rs 156

Keep a stop at Rs 161 and go short. Add to the position between Rs 157 and Rs 158. Book profits at Rs 156.

Infosys

Current price: Rs 1,194

Target price: Rs 1,215

Keep a stop at Rs 1,185 and go long. Add to the position between Rs 1,205 and Rs 1,210.

Book profits at Rs 1,215.

Tata Motors

Current price: Rs 308

Target price: Rs 314

Keep a stop at Rs 305 and go

long. Add to the position between Rs 312 and Rs 313.

Book profits at Rs 314.


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

First Published: Wed, May 23 2018. 06:30 IST
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