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. 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.
 

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