Today's picks: From Tata Steel to HPCL, stocks to watch on Wednesday

Nifty, Bank Nifty, Hero MotoCorp, Tata Steel and HPCL

Nifty       

Current: 10,402  (fut: 10,424) Target: NA

Stop-long positions at 10,325. Stop-short positions at 10,500. Big moves could go 

till 10,550, 10,275. Up trend may be about to reverse. A long 10,300p (70), short 10,200p (48) could gain 10-15 if the 

index dips till 10,325.

Bank Nifty      

Current: 25,226  (futures: 25,216.80) 

Target: NA  

Stop-long positions at 25,075. Stop-short positions at 25,350. Big moves could go till 25,550, 24,900. Trend may reverse down on Tuesday.

Hero MotoCorp            

Current price: Rs 3,718 

Target price: Rs 3,665

Keep a stop at Rs 3,755 and go short. Add 

to the position between Rs 3670 and 3,680. Book profits at Rs 3,665.

Tata Steel    

Current price: Rs 602   

Target price: Rs 612

Keep a stop at Rs 595 and go long. Add 

to the position between Rs 609 and Rs 611. Book profits at Rs 612. 

HPCL        

Current price: Rs 365  

Target price: Rs 360

Keep a stop at Rs 368 and go short . Add to the position between Rs 361 and Rs 362. Book profits at Rs 360.
 

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