Today's picks: From Adani Ports to IOC, hot stocks to watch on Tuesday

Nifty, Bank Nifty, Adani Ports, Tata Steel, Indian Oil Corp

Nifty 

Current: 10,378 (fut: 10,375), Target: NA

Stop-long positions at 10,455. Stop-short positions at 10,295. Big moves could go till 10,250, 10,500. A long 10,300p (37), short 10,200p(18) could gain 15-20 if the index tests 

10,300.  

Bank Nifty 

Current: 25058 (fut: 25072)

Target: NA

Stop-long positions at 24,970. Stop-short positions at 25,200. Big moves could go till 25,400, 24,725. Trend remains down and short-covering will hit resistance at 25,250.  

Adani Ports 

Current price: Rs 394 

Target price: Rs 387 

Keep a stop at Rs 400 and go short. Add to the position between Rs 389 and Rs 390. 

Book profits at Rs 387. 

Tata Steel  

Current price: Rs 649

Target price: Rs 660

Keep a stop at Rs 643 and go long. Add to the position between Rs 655 and Rs 658. 

Book profits at Rs 660. 

Indian Oil Corp  

Current price: Rs 369 

Target price: Rs 364

Keep a stop at Rs 373 and go 

short. Add to the position between Rs 365 and Rs 366. 

Book profits at Rs 364. 

Target prices, projected movements in terms of next session, 

unless otherwise stated