Today's picks: From UPL to Sun Pharma, hot stocks to watch today

Nifty, Bank Nifty, UPL, Sun Pharma and Bharti Airtel

Nifty 

Current: 11,023 (fut: 11,015), Target: NA

Stop-long positions at 10,050. Stop-short positions at 11,080. Big moves could go till 11,125, 10,900. A long 10,900p (53), long 11,100c (53) can be offset by short 10,800p (33), short 11,200c (27). This combined long-short strangle has breakevens at 10,854, 11,146.

Bank Nifty 

Current: 27,025 (fut: 26,995)

Target: NA

Stop-long positions at 26,875. Stop-short positions at 27,125. Big moves could go till 27,350, 26,650. Up trend could be halted by profit-booking. Resistance at 27,150-27,200.

UPL 

Current price: Rs 582 

Target price: Rs 572 

Keep a stop at Rs 588 and go short. Add to the position between Rs 575 and Rs 577. 

Book profits at Rs 572.

Sun Pharma 

Current price: Rs 565

Target price: Rs 575

Keep a stop at Rs 560 and go 

long. Add to the position between Rs 572 and Rs 574. 

Book profits at Rs 575.

Bharti Airtel    

Current price: Rs 362; Target price: Rs 357

Keep a stop at Rs 365 and go short. Add to the position between Rs 358 and Rs 359. Book profits at Rs 357.
 

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