Today's picks: From HPCL to Axis Bank, hot stocks to watch on Tuesday

For HPCL, keep a stop at Rs276 and go long . Add to the position between Rs269 and Rs270

Nifty  
    

Current: 11,355  (fut: 11,390)

Target: NA
 

Stop-long positions at 11,300. Stop-short positions at 11,475. Big moves could go till 11,500, 11,250. A long 11,300p (79), short 11,200p (53) could gain 15-20 if the index tests 11,300. 

Bank Nifty       

Current: 27,794  (futures: 27,884) 
 

Target: NA  
 

Stop-long positions at 27,750. Stop-short positions at 28,000 Big moves could go till 27,500, 28,250. Trend could stay negative.

HPCL          
 

Current price: Rs273
 

Target price: Rs268
 

Keep a stop at Rs276 and go long . Add to the position between Rs269 and Rs270. Book profits at Rs268.

Axis Bank     
 

Current price: Rs605
 

Target price: Rs595
 

Keep a stop at Rs612 and go short. Add to the position between Rs597 and Rs600. Book profits at Rs595

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