Today’s picks: From Sun Pharma to Tata Motors, hot stocks to buy on Tuesday

For Sun Pharma, keep a stop at Rs 457 and go short

Nifty

Current 11,724 (fut: 11,764),

Target: NA

Stop-long positions at 11,675. Stop-short positions at 11,850.

Big moves could go till 11,900, 11,625. A long May 16 11,600p (42), short 11,500p (23) could gain 10-15 if the index falls till 11,625.

Bank Nifty

Current: 29,708 (fut: 29,810),

Target: NA

Stop-long positions at 29,650. Stop-short positions at 29,950.

Big moves could go till 30,125, 29,500. Trend is slightly bearish.

Sun Pharma

Current price: Rs 453

Target price: Rs 446

Keep a stop at Rs 457 and go short. Add to the position between Rs 447 – Rs 449. Book profits at Rs 446.

Tata Motors

Current price: Rs 207

Target price: Rs 202

Keep a stop at Rs 210 and go short.

Add to the position between Rs 203 – Rs 204. Book profits at Rs 202.

Power Grid

Current price: Rs 190

Target price: Rs 194

Keep a stop at Rs 188 and go long. Add to the position between Rs 192 – Rs 193.

Book profits at Rs 194.

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