Today's picks: From Hero to HCL, hot stocks to buy on Wednesday

Nifty       

Current: 11,532 (fut: 11,578

Target: NA

Stop-long positions at 11,475. 

Stop-short positions at 11,665. 

Big moves could go till 11,700, 11,425. 

A long 11,700c (38), short 11,800p (17) could gain 10-15 if the index moves till 11,625.

Bank Nifty       

Current: 29,768 (futures: 29,850

Target: NA  

Stop-long positions at 29,700 . 

Stop-short positions at 30,000. 

Big moves could go till 30,200, 29,500. 

Trend remains up with the index at an alltime high.

Hero            

Current price: Rs 2,614 

Target price: Rs 2,585

Keep a stop at 2,635 and go short. 

Add to the position between 2,590 and 2,600. 

Book profits at 2,585.

HCL     

 
Current price: Rs 1,036  

Target price: Rs 1,055

Keep a stop at 1,025 and go long. 

Add to the position between 1,045 and 1,050. 

Book profits at 1,055.

Coal          

Current price: Rs 243

Target price: Rs 238

Keep a stop at and go 246 and go short. 

Add to the position between 239 and 240. 

Book profits at 238.
unless otherwise stated


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