Today's picks: From Wipro to ONGC, hot stocks to watch on Tuesday

Representative Image
Nifty

 

Current:

11,054  (fut: 11,062) 

Target: NA

 

Stop long positions at 10,975. Stop short positions at 11,135. Big moves could go till 11,200, 10,900. A long Aug 29, 10,900p (61), short 10,800p (40) could gain 10-15, if the index drops below 10,950.

 

Bank Nifty

 

Current:

28,186  (fut: 28,219) 

Target: NA

 

Stop long positions at 28,050. Stop short positions at 28,375. Big moves could go till 27,900, 28,525. Trend continues to look negative.

 

Wipro 

 

Current: Rs 252

Target: Rs 256

 

Keep a stop at Rs 250 and go long. Add to the position between

Rs 254-Rs 255. Book profits at Rs 256.

 

ONGC

 

Current: Rs 126 

Target: Rs 122

 

Keep a stop at Rs 128 and go short. Add to the position between

Rs 123-Rs 124. Book profits at Rs 122.

 

Tata Steel 

 

Current: Rs 360  

Target: Rs 354

 

Keep a stop at Rs 363 and go short. Add to the position between

Rs 355-Rs 356. Book profits at Rs 354.

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