Today’s picks: From UPL to Sun Pharma, hot stocks to watch today

Markets, LTCG taxNiftyCurrent: 11,023 (fut: 11,015), Target: NAStop-long positions at 10,050. Stop-short positions at 11,080. Big moves could go till 11,125, 10,900. A long 10,900p (53), long 11,100c (53) can be offset by short 10,800p (33), short 11,200c (27). This combined long-short strangle has breakevens at 10,854, 11,146.Bank NiftyCurrent: 27,025 (fut: 26,995)Target: NAStop-long positions at 26,875. Stop-short positions at 27,125. Big moves could go till 27,350, 26,650. Up trend could be halted by profit-booking. Resistance at 27,150-27,200.UPLCurrent price: Rs 582Target price: Rs 572Keep a stop at Rs 588 and go short. Add to the position between Rs 575 and Rs 577.Book profits at Rs 572.Sun PharmaCurrent price: Rs 565Target price: Rs 575Keep a stop at Rs 560 and golong. Add to the position between Rs 572 and Rs 574.Book profits at Rs 575.Bharti AirtelCurrent price: Rs 362; Target price: Rs 357Keep a stop at Rs 365 and go short. Add to the position between Rs 358 and Rs 359. Book profits at Rs 357.
Target prices, projected movements in terms of next session, unless otherwise stated
Source: Business Standard