Today's picks: From Axis Bank to Nifty, hot stocks to watch on Wednesday

Nifty, Bank Nifty, Axis Bank and Tech Mahindra

Nifty     

Current: 11,356 (fut: 11,375) Target: NA

Stop-long positions at 11,290. Stop-short positions at 11,450. Big moves could go till 11,500, 11,250. A long 11,200p (83), short 11,200p (60) would double if the index drops below 11,250.
 
Bank Nifty

Current: 27,764  (futures: 27,810)

Target: NA 

Stop-long positions at 27,650. Stop-short positions at 27,975. Big moves could go till 28,200, 27,400. Be prepared for excess volatility.
 
Axis Bank

Current price: Rs 550

Target price: Rs 540

Keep a stop at Rs 556 and go short. Add to the position