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

Keep a stop at Rs 1,365 and go long for Larsen & Toubro

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Devangshu Datta
Nifty
 
Current: 10,614 (fut: 10,621), Target: NA
 
Stop-long positions at 10,545
 
Stop-short positions at 10700. Big moves could go till 10,750, 10,500. Along 10,700c (8) is cheap, even with two sessions left. Breakeven is at 10,709 less than 1 per cent from spot.
 
Bank Nifty
 
Current: 25,042 (fut: 25,019)
 
Target: NA
 
Stop-long positions at 24,925. Stop-short positions at 25,125. Big moves could go till 25,350, 24,700. Bias look slightly negative.
 
Larsen & Toubro   
 
Current price: Rs 1,378
 
Target price: Rs 1,400
 

Keep a stop at Rs 1,365 and go