Today's picks: From Gail to L&T, hot stocks to watch on Wednesday

Nifty, Nifty Bank, Maruti Suzuki, Gail, Larsen & Toubro

Nifty 
 

Current: 11,555  (fut: 11,550), 

Target: NA

Stop-long positions at 11,470. Stop-short positions at 11,625. Big moves could go till 11,700, 11,400. A long July 18, 11500p (65), short 11400p (39) could 

gain 10-15 if the index tests 11500

Nifty Bank 
 

Current: 30,570  (fut: 30,645), 

Target: NA

Stop-long at 30,500. Stop-short at 30,800. Big moves could go till 30,300, 31,000. Trend may stay negative 

despite likely short-covering 

Maruti Suzuki 
 

Current: 5,945 

Target: 5,850 

Keep a stop at 6,000  and go short. Add to the position between 5,870-5,890. Book profits at 5,850

Gail   
 

Current: 147  

Target: 143 

Keep a stop at 149 and go short. Add to the position 

between 144-145. Book 

profits at 143

Larsen & Toubro 
 

Current: 1,526  

Target: 1,550  

Keep a stop at 1,510  and go long. Add to the position between 1,540-1,545. Book profits at 1,550

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