Today's picks: From Vedanta to ONGC, hot stocks to watch on Tuesday

For Vedanta, keep a stop at 113 and go short.

Nifty

Stop long positions at 11050. Stop short positions at 11250. Big moves could go till 11350, 10950. Trend likely to be volatile but bearish. A long Mar 12, 10800p (140) , short 10700p (132) could triple in value if the market drops 2 per cent before expiry.

Bank Nifty

 

Stop long positions at 28750. Stop short positions at 29100. Big moves could go till 29300, 28550. Trend remains bearish. 

 

Vedanta

Keep a stop at 113 and go short. Add to the position between 108-109. Book profits at 107.5.

 

ONGC 

 

Keep a stop at 90 and go short. Add to the position between 87.5-88. Book profits at 87.

 

HCL Tech

 

Keep a stop at 545 and go long. Add to the position between 556-558. Book profits at 560.

---

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