Today's picks: From Wipro to Grasim, hot stocks to watch on Wednesday

Nifty, Bank Nifty, Wipro, Grasim , HDFC

Nifty 
 

Current: 10,869 (fut: 10,902), Target: NA

Stop-long positions at 10,800. Stop-short positions at 11,000. Big moves could go till 11,075, 10,725. Excess volatility likely if Monetary Policy surprises. A long 11,100c (91), long 10,700p (117) can be offset with short 11,200c (59), short 10,600p (91) for a cost of 58. Breakevens at 11,158, 10,642.

Bank Nifty 
 

Current: 26,693 (fut: 26,818)

Target: NA

Stop-long positions at 26,550. Stop-short positions at 27,050. Big moves could go till 27,250, 26,350. Excess volatility likely if Monetary Policy surprises. 

Wipro 
 

Current price: Rs 335

Target price: Rs 341 

Keep a stop at Rs 332 and go 

long. Add to the position between