Today's picks: From TCS to Tata Steel, hot stocks to buy on Tuesday

For Cipla, keep a stop at Rs 497 and go short.

Nifty 
 

Current: 10,661 (fut: 10,695) 

Target: NA

Stop-long positions at 10,600. Stop-short positions at 10,780. Big moves could go till 10,550, 10,850. Trend is negative. A long 10,600p (42), short 10,500p (20) could gain 10-15 if the index tests 10,600.

Nifty Bank  
 

Current: 26,653 (fut: 26,750)  

Target: NA

Stop-long positions at 26,625. Stop-short positions at 26,875. Big moves could go till 

27,125, 26,375. 

Trend is negative.

TCS 
 

Current price: Rs 1,955

Target price: Rs 1,985

Keep a stop at Rs 19,40 and go long. Add to the position between Rs 1,970 and Rs 1,980.

Book profits at Rs 1,985.

Tata Steel 
 

Current price: Rs 446

Target price: Rs 438

Keep a stop at Rs 450 and 

go short. 

Add to the position between Rs 440 and Rs 442. 

Book profits at Rs 438.  

Cipla
 

Current price: Rs 492

Target price: Rs 485

Keep a stop at Rs 497 and go short. 

Add to the position between Rs 486 and Rs 488. 

Book profits at Rs 485.

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