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Today's picks: From Tata Motors to Wipro, hot stocks to watch on Wednesday

Nifty, Bank Nifty, Tata Motors, Wipro, Hindalco

Devangshu Datta 

(Photo: Kamlesh Pednekar)
(Photo: Kamlesh Pednekar)

Nifty

Current: 10,663 (futures: 10,694) Target: NA

Stop-long positions at 10,600.

Stop-short positions at 10,800. Big moves could go till 10,850, 10,550. A short 10,800c (18), short 10600p (25), long 10900c (6), long 10,500p (11) will gain if the index stays inside 10,575-10,825.

Bank Nifty

Current: 26,715 (futures: 26,810) Target: NA

Stop-long positions at 26,675.

Stop-short positions at 26,925. Big moves could go till 26,500, 27,100. Trend negative but short covering could trigger a rebound.

Tata Motors

Current price: Rs 173

Target price: Rs 169

Keep a stop at 175 and go short. Add to the position between

170-171. Book profits at 169.

Wipro

Current price: Rs 327

Target price: Rs 332

Keep a stop at 324 and go long. Add to the position between

330-331. Book profits at 332.

Hindalco

Current price: Rs 218

Target price: Rs 214

Keep a stop at 220 and go short. Add to the position between

215-216. Book profits at 214.


Target prices, projected movements in terms of nextsession, unless otherwise stated

First Published: Wed, December 26 2018. 06:30 IST
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