Today's picks: From TCS to Tata Steel, hot stocks to buy on Tuesday

For Cipla, keep a stop at Rs 497 and go short.

Nifty 
 

Current: 10,661 (fut: 10,695) 

Target: NA

Stop-long positions at 10,600. Stop-short positions at 10,780. Big moves could go till 10,550, 10,850. Trend is negative. A long 10,600p (42), short 10,500p (20) could gain 10-15 if the index tests 10,600.

Nifty Bank  
 

Current: 26,653 (fut: 26,750)  

Target: NA

Stop-long positions at 26,625. Stop-short positions at 26,875. Big moves could go till 

27,125, 26,375. 

Trend is negative.

TCS 
 

Current price: Rs 1,955

Target price: Rs 1,985

Keep a stop at Rs 19,40 and go long. Add to the position between Rs 1,970 and Rs 1,980.

Book profits at Rs 1,985.

Tata Steel 
 

Current price: Rs 446

Target price: Rs 438

Keep a stop at Rs 450 and 

go short. 

Add to the position between Rs 440 and Rs 442. 

Book profits at Rs 438.  

Cipla
 

Current price: Rs 492

Target price: Rs 485

Keep a stop at Rs 497 and go short. 

Add to the position between Rs 486 and Rs 488. 

Book profits at Rs 485.

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