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Today's picks: From Sun Pharma to L&T, hot stocks to buy on Wednesday

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

Tata Investment Corp board approves Rs 4.5-billion share buyback

Nifty    Current: 11,222 (fut: 11,268) Target: NA Stop long positions at 11,175. Stop short positions at 11,350. Big moves could go till 11,400, 11,125. A long May 30, 11,200p (268), short 11,100p (232) could gain 15-20 if the index drops below 11,200.  Bank Nifty    Current: 28,830 (fut 28,990) Target: NA Stop long positions at 28,825. Stop short positions at 29,125. Big moves could go till 29,350, 28,650. Trend may go bearish again after a round of short-covering. Sun Pharma     Current price: Rs ...