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Today's picks: From HPCL to Axis Bank, hot stocks to watch on Tuesday

For HPCL, keep a stop at Rs276 and go long . Add to the position between Rs269 and Rs270

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Devangshu Datta
Nifty  
    
Current: 11,355  (fut: 11,390)

Target: NA
 
Stop-long positions at 11,300. Stop-short positions at 11,475. Big moves could go till 11,500, 11,250. A long 11,300p (79), short 11,200p (53) could gain 15-20 if the index tests 11,300. 

Bank Nifty       
Current: 27,794  (futures: 27,884) 
 
Target: NA  
 
Stop-long positions at 27,750. Stop-short positions at 28,000 Big moves could go till 27,500, 28,250. Trend could stay negative.

HPCL          
 
Current price: Rs273
 
Target price: Rs268
 
Keep a stop at Rs276 and go long . Add to the position between Rs269 and Rs270. Book profits at Rs268.

Axis Bank     

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