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

Nifty, Bank Nifty, Tata Steel, BPCL, Power Grid

Nifty       

Current:  10,539  (futures: 10,532) 

Target: NA

Stop long positions at 10,475. Stop short positions at 10,605. Big moves could go till 10,700 , 10,375.

Bank Nifty       

Current:  25,701   (futures:  25,715)

Target: NA  

Stop long positions at 25,600. Stop short positions at 26,800. Big moves could go till 26,025 , 25400 

Tata Steel         

Current: Rs 713 

Target: Rs 725

Keep a stop at  706 and go long. Add to the position between 721-723. Book profits at 725.

BPCL       

Current: Rs 467 

Target: Rs 460

Keep a stop at  471 and go short. Add to the position between 461-463. Book profits at 460.

Power Grid      

Current: Rs 198.5  

Target: Rs 203

Keep a stop at 197 and go long. Add to the position between 201-202. Book profits at 203.

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