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

Nifty, Nifty Bank, Titann, Tata Steel, Cipla

Nifty 

Current: 10,922 (fut: 10,929) 

Target: NA

Stop long positions at 10,845. 

Stop short positions at 11,020. 

Big moves could go till 10,775, 11,075. A long 10,800p (60), short 10,700p (39) could gain 10-15 if the index tests support at 10,850. 

Nifty Bank  

Current 27,482 (fut: 27,513)  

Target: NA

Stop long positions at 27,375. Stop short positions at 27,650. Big moves could go till 27,800, 27,150.

Trend looks negative. 

Titan 

Current price: Rs 982

Target price: Rs 996

Keep a stop at Rs 974 and go long. Add to the position between Rs 992-995. 

Book profits at Rs 996.

Tata Steel 

Current price: Rs 456

Target price: Rs 449

Keep a stop at Rs 460 and 

go short. 

Add to the position between Rs 450-452. 

Book profits at Rs 449.  

Cipla

Current price: Rs 502

Target price: Rs 494

Keep a stop at Rs 507 and 

go short. 

Add to the position Rs between Rs 495-497. 

Book profits at Rs 494.

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