Today's picks: Hero to Tata Motors, hot stocks to watch on Wednesday

Nifty

 
Current:  11,992 (fut: 12,019)
Target: NA

Stop long positions at 11,920. Stop short positions at 12,120. Big moves could go till 12,250, 11,750. Trend seems negative. A long Feb 27 11,900p (47), short 11,800p (26) could gain 10-15 if the index drops below 11,900.

Bank Nifty

 
Current:  30,562 (fut: 30,625)
Target: NA

Keep a stop at Rs 793 and go long. Add to the position between Rs 806-809. Book profits at Rs 810.

Hero MotoCorp

 
Current: Rs 2,253
Target: Rs 2,225

Keep a stop at Rs 2,265 and go short. Add to the position between Rs 2,230-2,235. Book profits at Rs 2,225.

Tata Motors

Current: Rs 162 
Target: Rs 158

Keep a stop at Rs 164 and go short. Add to the position between Rs 159-160. Book profits at Rs 158.

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



Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel