Today's picks: From Nifty to PowerGrid, hot stocks to watch on Tuesday

Nifty, Bank Nifty, Bajaj Finance and PowerGrid

Nifty 

Current: 11,582 (fut: 11,623), Target: NA

Stop-long positions at 11,540. 

Stop-short positions at 11,705. 

Big moves could go till 11,500, 11,775. 

A long 11,500p (99), short 11,400p (72) could gain 15-20 

if the index drops below 11,500.

Bank Nifty 

Current: 27,819 (fut: 27,962)

Target: NA

Stop-long positions at 27,800. 

Stop-short positions at 28,100. 

Big moves could go till 28,275, 27,600. 

Trend may stay negative.

Bajaj Finance

Current price: Rs 2,724 

Target price: Rs 2,680 

Keep a stop at Rs 2,750 and go short. 

Add to the position between Rs 2685 and Rs 2700. 

Book profits at Rs 2,680.

PowerGrid  

Current price: Rs 195

Target price: Rs 190

Keep a stop at Rs 197 and go short. 

Add to the position between Rs 191 and Rs 192. 

Book profits at Rs 190.

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