Today's picks: From L&T to BPCL, hot stocks to watch on Tuesday

Nifty, Bank Nifty, L&T, Bharti Infratel and BPCL

Nifty

Current: 10688 (fut: 10676), Target: NA

Stop-long positions at 10600.

Stop-short positions at 10755.

Big moves could go till 10825, 10550.

A long 10600p (19), long 10700c (30) has breakevens at 10750, 10550 with three sessions to expiry.

 

Bank Nifty

Current: 26614 (fut: 26508) Target NA.

Stop long positions at 26400.

Stop short positions at 26650.

Big moves could go till 26900, 26200.

Note the big discount to underlying.  It could mean the index opens low. 

 

L & T

Current price: Rs 1,376  

Target price: Rs 1,400

Keep a stop at Rs 449 and go short. Add to the position between Rs 438 and Rs 440.

Book profits at Rs 436.

 

Bharti Infratel 

Current price: Rs 311

Target price: Rs 306

Keep a stop at 314 and go short. Add to the position between 307-308. Book profits at 306.

 

BPCL 

Current price: Rs 402  

Target price: Rs 410

Keep a stop at 396 and go long. Add to the position between 407-409. Book profits at 410.

 

---

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