Today's picks: Tech Mahindra to CIL, hot stocks to watch on Wednesday

Nifty, bank Nifty, Tech Mahindra, Coal India

Nifty 

      

Current: 10,198  (fut: 10,225) Target: NA

Stop-long positions at 10,150. Stop-short positions at 10,300. Big moves could go till 10,350, 10,100. A long 10,100p (183), short 10,000p (145) could gain 10-15 if the index falls till 10,200. A short 10,500c (100), long 10,600c (67) could also be profitable. 

Bank Nifty  

     

Current: 24,807  (fut: 24,911) 

Target: NA  

Stop-long positions at 24,750. Stop-short positions at 25,050. Big moves could go till 25,250, 24,550. Trend seems negative. 

Tech Mahindra  

         
Current price: Rs 685

Target price: Rs 700

Keep a stop at Rs 679 and go long. Add to the position between Rs 692 and Rs 696. Book profits at Rs 700.   

Coal India  

     

Current price: Rs 276

Target price: Rs 270

Keep a stop at Rs 279 and go short. Add to the position between Rs 271 and Rs 272. Book profits at Rs 270.