Today’s picks: From Wipro to L&T, hot stocks to buy on Wednesday

Nifty, Bank Nifty, Larsen & Toubro, Zee Entertainment

Nifty

Current 12,021 (fut: 12,073),

Target: NA

Stop-long positions at 11,975

Stop short positions at 12,175

Big moves could go till 12250, 11,925. A long June 27, 12300c (60), long 11,700p (60) can be offset by short 11,600p (46), 12,400c (34) for a position that costs 40 and pay 60

Bank Nifty

Current: 31,589 (fut: 31,683),

Target: NA

Stop long positions at 31550 Stop short positions at 31850

Big moves could go till 32000, 31350. Trend likely to be very volatile today.

Larsen & Toubro

Current price: Rs 1,570

Target price: Rs 1,590

Keep a stop at 1560 and

go long. Add to the position

between 1580-1585.

Book profits at 1590.

Wipro

Current price: Rs 294

Target price: Rs 299

Keep a stop at 292 and

go long. Add to the position between 297-298. Book

profits at 299.

Zee Entertainment

Current price: Rs 346

Target price: Rs 340

Keep a stop at 349 and

go short. Add to the position

between 341-342. Book profits at 340

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