Today's picks: From ITC to GAIL, hot stocks to watch on Tuesday

Nifty, Bank Nifty, ITC, GAIL

Nifty 

Current: 10,763 (fut: 10,775), Target: NA

Stop-long positions at 10,690. Stop-short positions at 10,855. Big moves could go till 10,925, 10,625. The index is a key resistance zone close to the 200-DMA. A long 10,900c (45), long 10,600p (50) would gain if the index moves beyond breakevens at 10,995, 10,505. 

Bank Nifty 

Current: 26,300 (fut: 26,345)

Target: NA

Stop-long positions at 26,225. Stop-short positions at 26,475. Big moves could go till 26,750, 25,950. Excess volatility likely and trend likely to depend on newsflow about RBI Board meeting. 

ITC

Current price: Rs 285 

Target price: Rs 290 

Keep a stop at Rs 282 and go long. Add to the position between Rs 288 and Rs 289. 

Book profits at Rs 290. 

GAIL 

Current price: Rs 335

Target price: Rs 330

Keep a stop at Rs 338 and go short. Add to the position between Rs 331 and Rs 332. 

Book profits at 330. 

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