Today's picks: From TCS to Tata Steel, hot stocks to buy on Tuesday

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Nifty 

 
Current: 10,661 (fut: 10,695) 
Target: NA
Stop-long positions at 10,600. Stop-short positions at 10,780. Big moves could go till 10,550, 10,850. Trend is negative. A long 10,600p (42), short 10,500p (20) could gain 10-15 if the index tests 10,600.

Nifty Bank  

 
Current: 26,653 (fut: 26,750)  
Target: NA
Stop-long positions at 26,625. Stop-short positions at 26,875. Big moves could go till 
27,125, 26,375. 
Trend is negative.

TCS 

 
Current price: Rs 1,955
Target price: Rs 1,985
Keep a stop at Rs 19,40 and go long. Add to the position between Rs 1,970 and Rs 1,980.
Book profits at Rs 1,985.

Tata Steel 

 
Current price: Rs 446
Target price: Rs 438
Keep a stop at Rs 450 and 
go short. 
Add to the position between Rs 440 and Rs 442. 
Book profits at Rs 438.  

Cipla

 
Current price: Rs 492
Target price: Rs 485
Keep a stop at Rs 497 and go short. 
Add to the position between Rs 486 and Rs 488. 
Book profits at Rs 485.

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


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