Today's picks: From SBI to HCL Tech, hot stocks to watch on Wednesday

Nifty, Nifty Bank, SBI, HCL Technologies, Zee Entertainment

Nifty 
 

Current: 10,633 (fut: 10618), Target: NA
 

Stop-long positions at 10,545.

Stop-short positions at 10,700.

Big moves could go till 110,750, 10,475.

A long 10,600p (35), short 10,500p (11) could gain 10-15 if the index slides till 10,575.

Nifty Bank  
 

Current: 26,254 (fut: 26,167)  Target NA.

Stop long positions at 26,050.

Stop short positions at 26,300. 

Big moves could go till 26,500, 25,800. Trend seems negative.

SBI 
 

Current price: Rs 264    
 

Target price: Rs 259

Keep a stop at 267 and go short. Add to the position between Rs 260 and Rs 261.  Book profits at Rs 259.

 

HCL Technologies  
 

Current price: Rs 909

Target price: Rs 925

Keep a stop at 900 and go long. Add to the position between Rs 919 and Rs 922. Book profits at Rs 925.

Zee Entertainment   
 

Current price: Rs 560 

Target price: Rs 550

Keep a stop at 565 and go short. Add to the position between Rs 552 and Rs 554. Book profits 

at Rs 550.  

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