Today's picks: From Tata Motors to ONGC, hot stocks to watch on Tuesday

Nifty, Bank Nifty, L&T, Tata Motors and ONGC

Nifty      

Current: 10,666  (fut: 10,705) 

Target: NA

Stop-long positions at 10,625.

Stop-short positions at 10,780. Big moves could go till 11,850, 10,550.

A long 10,900c (52), short 11,000c (31) could gain 10-15, if the futures rebounds till 10825.

 

Bank Nifty      

Current: 26,099   (futures: 26,214)

Target: NA 

Stop-long positions at 26,100. Stop-short positions at 26,325. Big moves could go till 26,550, 25,875. Key support at 25,850-25,900 may be tested again

 

L&T            

Current price: Rs 1,364

Target price: Rs 1,385

Keep a stop at Rs 1,352 and go long.

Add to the position between Rs 1,377 and Rs 1,380. Book profits at Rs 1,385.

 

Tata Motors    

Current price: Rs 396  

Target price: Rs 402

Keep a stop at Rs 392 and go long. Add

to the position between Rs 400 and Rs 401. Book profits at Rs 402.

 

ONGC       

Current price: Rs 189  

Target price: Rs 185

Keep a stop at 191 and go short. Add to the position between 186-187. Book profits at 185.