Today's picks: HCL Tech to Tata Motors, hot stocks to watch on Wednesday

For HCL Technologies, Keep a stop at 512 and go long. Add to the position between 528-530. Book profits at 532

Nifty 

Current: 9205 (fut: 9222)

Target: NA

Stop long positions at 9075. Stop short positions at 9375. Big moves could go till 9500, 8950. A long May 14, 8900p (132) , short 8700p (75) could gain 30-50 if the index falls below 9000.

Bank Nifty 

Current 19271  (fut: 19295)

Target: NA

Stop long positions at 19100. Stop short positions at 19500. Big moves could go till 19750, 18850. Trend appears bearish. A long May 14 18500p (470), short 18000p (322) could gain 250 if the 18500 support is broken.

HCL Technologies

Current price: Rs 520 

Target price: Rs 532 

Keep a stop at 512 and go long. Add to the position between 528-530. Book profits at 532.

Tata Motors 

Current price: Rs 81

Target price: Rs 77.5

Keep a stop at 83 and go short. Add to the position between 78-79. Book profits at 77.5.

State Bank of India

Current price: Rs 170 

Target price: Rs 165

Keep a stop at 172 and go short. Add to the position between 166-167. Book profits at 165.

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