Today's picks: From NTPC to Lupin, hot stocks to watch on Wednesday

Lupin, Bank Nifty, NTPC, Nifty and Tata Motors

Bank Nifty      
Current:  25,811   (futures:   25,920)
Target: NA 
Stop long positions at 25,775. Stop short positions at 26,050. Big moves could go till 26,350, 25,550. Trend could stay negative with short-covering rallies hitting resistance at 26200 
 
 
NTPC     
Current: Rs 165
Target: Rs 169
Keep a stop at 163 and go long. Add to the position between167-168. Book profits at 169.
 
Nifty      
Current:  10,498  (futures: 10,534)
Target: NA
Stop long positions at 10,425. Stop short positions at 10,625.  Big moves could go till 10,675, 10,390. A rebound could hit resistance at 10,650-675. Key support at 10,250-10,300.
 
Tata Motors        
Current: Rs 375
Target: Rs 370
Keep a stop at 379 and go short. Add to the position between 371-372. Book profits at 370.
 
Lupin     
Current: Rs 800 
Target: Rs 770
Keep a stop at  805 and go short. Add to the position between 783-787. Book profits at 770.

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