Today's picks: From BPCL to Titan, hot stocks to watch on Wednesday

For BPCL, keep a stop at Rs 396 and go short. Add to the position between Rs 388-Rs 389. Book profit at Rs 387

Nifty 

Current: 11,796 (fut: 11789)

Target: NA

Stop-long positions at 11,715. 

Stop-short positions at 11,875. 

Big moves could go till 11,925, 11,650. A short 11,800c (41), short 11,800p (55) straddle costs 96. This can be taken with long 11,700p (23), long 11,900c (10) as cover.  

Nifty Bank  

Current 30,847 (fut: 30,855)  

Target: NA

Stop-long positions at 30,700. 

Stop-short positions at 31,000. 

Big moves could go till 31,200, 30,500. Trend is mildly positive.

BPCL      

Current price: Rs 393 

Target price: Rs 387

Keep a stop at Rs 396 and go short. Add to the position between Rs 388-Rs 389. Book profit at Rs 387.

L&T  

Current price: Rs 1,535 

Target price: Rs 1,510

Keep a stop at Rs 1,545 and go short. Add to the position between Rs 1,515-Rs 1,520. Book profit at Rs 1,510.

Titan 

Current price: Rs 1318

Target price: Rs 1340

Keep a stop at Rs 1,305 and go long. Add to the position between Rs 1,330-Rs 1,135. Book profit at Rs 1,340. 

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