Today’s picks: From Hero to HCL, hot stocks to buy on Wednesday

Nifty, Bank Nifty, Hero, HCL and Coal

Nifty

Current: 11,532 (fut: 11,578)

Target: NA

Stop-long positions at 11,475.

Stop-short positions at 11,665.

Big moves could go till 11,700, 11,425.

A long 11,700c (38), short 11,800p (17) could gain 10-15 if the index moves till 11,625.

Bank Nifty

Current: 29,768 (futures: 29,850)

Target: NA

Stop-long positions at 29,700 .

Stop-short positions at 30,000.

Big moves could go till 30,200, 29,500.

Trend remains up with the index at an alltime high.

Hero

Current price: Rs 2,614

Target price: Rs 2,585

Keep a stop at 2,635 and go short.

Add to the position between 2,590 and 2,600.

Book profits at 2,585.

HCL

Current price: Rs 1,036

Target price: Rs 1,055

Keep a stop at 1,025 and go long.

Add to the position between 1,045 and 1,050.

Book profits at 1,055.

Coal

Current price: Rs 243

Target price: Rs 238

Keep a stop at and go 246 and go short.

Add to the position between 239 and 240.

Book profits at 238.

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Target prices, projected movements in terms of nextsession, unless otherwise stated