Today's picks: From Tata Steel to PowerGrid, hot stocks to watch on Tuesday

Nifty, Bank Nifty, Tata Steel, Ambuja Cement

Nifty 

Current: 10,094 (fut: 10,123) 

Target: NA

Stop-long positions at 10,050. Stop-short positions at 10,200. Big moves could go till 10,000, 10,250. A long 10,100p (91), short 10,000p (59) could gain 15-20 if the index drops till 10,050.

Bank Nifty 

Current: 24,245 (fut: 24,339)

Target: NA

Stop-long positions at 24,225. Stop-short positions at 24,450. Big moves could go till 24,650, 24,000. Trend remains negative but short-covering could be seen on Monday.

Tata Steel

Current price: Rs 575 

Target price: Rs 567 

Keep a stop at Rs 580 and go short. Add to the position between Rs 568 and Rs 570. 

Book profits at Rs 567.

Ambuja