Today's picks: Sun Pharma to Tata Motors, hot stocks to watch on Wednesday

Nifty, Bank Nifty, Sun Pharma and Tata Motors

Nifty

Current: 10,147 (fut: 10,181) Target: NA

Stop-long positions at 10,100. Stop-short positions at 10,260.

Big moves could go till 10,300, 10,025. 

Trend is down but short-covering could create a rally.

A long 10,300c (25), long 10,100p (43) has breakevens at 10,032, 10,368.

Bank Nifty

Current: 24,972  (futures: 25,062) Target: NA

Stop-long positions at 24,900.

Stop-short positions at 25,200.

Big moves could go till 25,400, 24,650. 

Trend is down but there could be a short-covering rally.

Sun Pharma

Current price: Rs 575

Target price: Rs 585

Keep a stop at Rs 570 and go long. 

Add to the position between Rs 582 and Rs 584. 

Book profits at Rs 585.

Tata Motors

Current price: Rs 171

Target price: Rs 176

Keep a stop at Rs 169 and go long. 

Add to the position between Rs 174 and Rs 175.

Book profits at Rs 176.

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