Today's picks: From Bharti Infratel to CIL, stocks to watch on Wednesday

Nifty, Bank Nifty, Bharti Infratel, Asian Paints and Coal India

Nifty

Current: 11,049 (fut: 11,071)

Target: NA
 

Stop-long positions at 10,990.
 
Stop-short positions at 11,160. Big moves could go till 11,200, 10,875.
 
A long 10,800p (82), long 11,300c (74) would work if Budget volatility pushed the market past breakevens at 11,455, 10,645.
 
Bank Nifty
 
Current: 27,269 (futures: 27,350)
 
Target: NA
 
Stop-long positions at 27,225. Stop-short positions at 27,475.
 
Big moves could go till 27,000, 27,700.
 
Trend overall bullish likely to be affected by Budget-related news-flow.
 
Bharti Infratel

Current price: Rs 344
 
Target price: Rs 338
 
Keep a stop at Rs 348 and go short.

 
Add to the position between Rs 339 and Rs 340.
 
Book profits at Rs 338.
 
Asian Paints  
 
Current price: Rs 1,126  
 
Target price: Rs 1,145
 
Keep a stop at Rs 1,115 and go long.
 
Coal India
 
Current price: Rs 306  
 
Target price: Rs 312
 
Keep a stop at Rs 303 and go long.
 
Add to the position between Rs 309 and Rs 311. Book profits at Rs 312.
  
Target prices, projected movements in terms of next session, unless otherwise stated