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

Nifty, Bank Nifty, Larsen & Toubro and Tata Steel

Nifty       

Current: 11,134  (fut: 11,152) Target: NA

Stop-long positions at 11,075. Stop-short positions at 11,225. Big moves could go till 11,275, 11,025. A long 11,200c (16), long 11,100p (25) has breakevens at 11,241, 11,059. 

Bank Nifty       

Current: 26,975  (futures: 27,016) 

Target: NA  

Stop-long positions at 26,900. Stop-short positions at 27,125. Big moves could go till 27,350, 26,700. Bias is slightly negative.

Larsen & Toubro          

Current price: Rs 1,324

Target price: Rs 1,345

Keep a stop at Rs 1,215 and go long. Add to 

the position between Rs 1,335 and Rs 1,340.  Book profits at Rs 1,345.

Tata