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Today's picks: From Tata Motors to Airtel, hot stocks to buy on Wednesday

For Tata Motors, keep a stop at Rs 185 and go short. Add to the position between Rs 180 and Rs 181

Tata Investment Corp board approves Rs 4.5-billion share buyback
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Devangshu Datta
Nifty
 
Current: 10,835 (fut 10,823)
Target: NA
Stop-long positions at 10,745. Stop-short positions at 10,905. Big moves could go till 10,675, 10,975. Trend negative but may change depending on newsflow. Volatility up. A long 10,800p (48), two short 10,700p (2x26.5) and a long 10,600p (17) costs a net 12, with a maximum return of 88 at 10,700 and breakevens at 10,788, 10,612.
 
Bank Nifty
 
Current: 26,953 (fut: 26,960)
Target: NA
Stop-long positions at 26,800. Stop short positions at 27,110.
Big moves could go till 26,550, 27,350. Extra volatility likely.
 
Tata Motors
 
Current price: Rs 183

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First Published: Feb 27 2019 | 6:00 AM IST

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