Today's picks: From Wipro to ONGC, hot stocks to watch on Tuesday

For Wipro, Keep a stop at Rs 250 and go long. Add to the position between Rs 254-Rs 255. Book profits at Rs 256

Nifty
 
Current:
11,054  (fut: 11,062) 
Target: NA

 
Stop long positions at 10,975. Stop short positions at 11,135. Big moves could go till 11,200, 10,900. A long Aug 29, 10,900p (61), short 10,800p (40) could gain 10-15, if the index drops below 10,950.
 
Bank Nifty
 
Current:
28,186  (fut: 28,219) 
Target: NA
 
Stop long positions at 28,050. Stop short positions at 28,375. Big moves could go till 27,900, 28,525. Trend continues to look negative.
 
Wipro 
 
Current: Rs 252
Target: Rs 256
 
Keep a stop at Rs 250 and go long. Add to the position between
  Rs 254-Rs 255. Book profits at Rs 256.
 
ONGC
 
Current: Rs 126 
Target: Rs 122
 
Keep a stop at Rs 128 and go short. Add to the position between
Rs 123-Rs 124. Book profits at Rs 122.
 
Tata Steel 
 
Current: Rs 360  
Target: Rs 354
 
Keep a stop at Rs 363 and go short. Add to the position between
Rs 355-Rs 356. Book profits at Rs 354.

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