Today's picks: From Sun Pharma to Tata Motors, hot stocks to buy on Tuesday

Nifty 

 
Current 11,724 (fut: 11,764), 

 
Target: NA

 
Stop-long positions at 11,675. Stop-short positions at 11,850.

Big moves could go till 11,900, 11,625. A long May 16 11,600p (42), short 11,500p (23) could gain 10-15 if the index falls till 11,625.

Bank Nifty 

 
Current: 29,708 (fut: 29,810), 

 
Target: NA

 
Stop-long positions at 29,650. Stop-short positions at 29,950.

Big moves could go till 30,125, 29,500. Trend is slightly bearish.  

Sun Pharma 

 
Current price: Rs 453 

 
Target price: Rs 446 

 
Keep a stop at Rs 457 and go short. Add to the position between Rs 447 – Rs 449. Book profits at Rs 446.

Tata Motors

 
Current price: Rs 207  

 
Target price: Rs 202

 
Keep a stop at Rs 210 and go short.

Add to the position between Rs 203 – Rs 204. Book profits at Rs 202.

Power Grid 

 
Current price: Rs 190  

 
Target price: Rs 194 

 
Keep a stop at Rs 188 and go long. Add to the position between Rs 192 – Rs 193.

Book profits at Rs 194.
Target prices, projected movements in terms of next session, unless otherwise stated