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

Nifty, Nifty Bank, Tata Steel, Titan and BPCL

Nifty 

Current: 12,089 (fut: 12,113)

Target: NA

Stop-long positions at 12,000. Stop-short positions at 12,200. Big moves could go till 11,925, 12275. A long June 06, 12200c (17), long June 06, 12000p (32) can be offeet by short 12300c (5), short 11900p (17). Breakevens at 12227, 11973.

Nifty Bank  

Current 31,653  (fut: 31,688)  

Target: NA

Stop long positions at 31,550. Stop short positions at 31,850. Big moves could go till 32,050, 31,300. Trend likely to be positive until RBI Monetary Policy Review.

Titan  

Current price: Rs 1,266

Target price: Rs 1,285

Keep a stop at 1255 and go long. Add to the position between Rs 1279-Rs 1283.  

Book profits at Rs 1285.

BPCL

Current price: Rs 417 

Target price: Rs 425

Keep a stop at Rs 413 and go long. Add to the position between Rs 422-Rs 424.  Book profits at Rs 425.  

Tata Steel

Current price: Rs 498 

Target price: Rs 490

Keep a stop at Rs 502 and go short. Add to the position between Rs 491-Rs 494.  Book profits at Rs 490.

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