Today's picks: From L&T to Ambuja Cements, hot stocks to watch on Wednesday

Nifty: Stop-long positions at 10,270. Stop-short positions at 10,410. Big moves could go till 10,450, 10,220

Nifty 

Current: 10,360 (fut: 10,340)

Target: NA

Stop-long positions at 10,270. Stop-short positions at 10,410. Big moves could go till 10,450, 10,220. A long 10,300p (38), short 10,200p (17) could gain 15-20 if the futures breaks below 10,270.

Bank Nifty 

Current: 24,874 (fut: 24,838)

Target: NA

Stop-long positions at 24,725. Stop-short positions at 24,950. Big moves could go till 24,500, 25,150. Trend seems to remain negative.

Ambuja Cements  

Current price: Rs 264 

Target price: Rs 260

Keep a stop at Rs 267 and go short. Add to the position between Rs 261 and Rs 262. 

Book profits at Rs 260. 

Larsen &Toubro   

Current price: Rs 1,290

Target price: Rs 1,310

Keep a stop