Today's picks: Sun Pharma to Tata Motors, hot stocks to watch on Wednesday

Nifty, Bank Nifty, Sun Pharma and Tata Motors

Nifty

Current: 10,147 (fut: 10,181) Target: NA

Stop-long positions at 10,100. Stop-short positions at 10,260.

Big moves could go till 10,300, 10,025. 

Trend is down but short-covering could create a rally.

A long 10,300c (25), long 10,100p (43) has breakevens at 10,032, 10,368.

Bank Nifty

Current: 24,972  (futures: 25,062) Target: NA

Stop-long positions at 24,900.

Stop-short positions at 25,200.

Big moves could go till 25,400, 24,650. 

Trend is down but there could be a short-covering rally.

Sun Pharma

Current price: Rs 575

Target price: Rs 585

Keep a stop at Rs 570 and go long. 

Add to the position between Rs 582 and Rs 584. 

Book profits at Rs 585.

Tata Motors

Current price: Rs 171

Target price: Rs 176

Keep a stop at Rs 169 and go long. 

Add to the position between Rs 174 and Rs 175.

Book profits at Rs 176.

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