Today's picks: From Infosys to IOC, hot stocks to watch on Wednesday

Nifty, Bank Nifty, Indian Oil Corp, Infosys, Tata Motors

Nifty 

Current: 10,536 (fut: 10,555), Target: NA

Stop-long positions at 10,475. Stop-short positions at 10,625. Big moves could go till 10,675, 10,425. A long 10,700c (16), long 10,400p (25) would gain if there's a big move in either direction.

Bank Nifty 

Current: 25,777 (fut: 25,837) Target: NA

Stop-long positions at 25,700. Stop-short positions at 25,975. Big moves could go till 26,150, 25,500. Trend remains negative but short-covering may spark a pullback.  

Indian Oil Corp 

Current price: Rs 160  

Target price: Rs 156 

Keep a stop at Rs 161 and go short. Add to the position between Rs 157 and Rs 158. Book profits at