Today's picks: From NTPC to UPL, hot stocks to buy on Wednesday

For NTPC keep a stop at Rs 136 and go short. Add to the position between Rs 131 and Rs 132. Book profits at Rs 130.

Nifty 

Current: 10,604 (fut 10,615)

Target: NA

Stop long positions at 10,525. Stop short positions at 10,685. Big moves 10,490, 10,735. A long 10500p (71), short 10400p (48) could gain 10-15 if the index tests 10,525. 

Bank Nifty 

Current: 26,685 (fut: 26,709) 

Target: NA

Stop long positions at 26,550. 

Stop short positions at 26,850. 

Big moves 27,050, 26,350. Trend still negative.

NTPC

Current price: Rs 134

Target price: Rs 130

Keep a stop at Rs 136 and go short.  Add to the position between Rs 131 and Rs 132.  Book profits at Rs 130. 

UPL  

Current price: Rs 817

Target price: Rs 824

Keep a stop at Rs 813 and go long.  Add to the position between Rs 822 and Rs 823.  

Book profits at Rs 824. 

Larsen & Toubro  

Current price: Rs 1,264

Target price: Rs 1,282

Keep a stop at Rs 1255 and go long.  Add to the position between Rs 1275and Rs 1280.   

Book profits at Rs 1282.