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

Nifty, Bank Nifty, Tata Motors, Wipro, Hindalco

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.