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Today's picks: From Sun Pharma to L&T, hot stocks to buy on Wednesday

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

Devangshu Datta 

Tata Investment Corp board approves Rs 4.5-billion share buyback

Nifty

Current: 11,222 (fut: 11,268)

Target: NA

Stop long positions at 11,175. Stop short positions at 11,350. Big moves could go till 11,400, 11,125. A long May 30, 11,200p (268), short 11,100p (232) could gain 15-20 if the index drops below 11,200.

Bank Nifty

Current: 28,830 (fut 28,990)

Target: NA

Stop long positions at 28,825. Stop short positions at 29,125. Big moves could go till 29,350, 28,650. Trend may go bearish again after a round of short-covering.

Sun Pharma

Current price: Rs 419.5

Target price: Rs 412

Keep a stop at 424 and go short. Add to the position between 413-414. Book profits at 412.

Asian Paints

Current price: Rs 1,320

Target price: Rs 1,300

Keep a stop at 1,332 and go short. Add to the position between 1,305-1,310. Book profits at 1,300.

Larsen & Toubro

Current price: Rs 1,342

Target price: Rs 1,362

Keep a stop at 1,330 and go long. Add to the position between 1,355-1,360. Book profits at 1,362.

First Published: Wed, May 15 2019. 06:00 IST
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