Today's picks: From L&T to HDFC, hot stocks to watch on Wednesday

Nifty

 

Current: 10,614 (fut: 10,621), Target: NA

 

Stop-long positions at 10,545

 

Stop-short positions at 10700. Big moves could go till 10,750, 10,500. Along 10,700c (8) is cheap, even with two sessions left. Breakeven is at 10,709 less than 1 per cent from spot.

 

Bank Nifty

 

Current: 25,042 (fut: 25,019)

 

Target: NA

 

Stop-long positions at 24,925. Stop-short positions at 25,125. Big moves could go till 25,350, 24,700. Bias look slightly negative.

 

Larsen & Toubro   

 

Current price: Rs 1,378

 

Target price: Rs 1,400

 

Keep a stop at Rs 1,365 and go long. Add to the position between Rs 1,390 and Rs 1,395. Book profits at Rs 1,400.

 

HDFC  

 

Current price: Rs 1,860

 

Target price: Rs 1,840

 

Keep a stop at Rs 1,875 and go short. Add to the position between Rs 1,845 and Rs 1,850. Book profits at Rs 1,840.

 

Wipro  

 

Current price: Rs 287

 

Target price: Rs 277

 

Keep a stop at Rs 292 and go short. Add to the position between Rs 279 and Rs 280.

 

Book profits at Rs 277.

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