Today's picks- 24 June 2016

Nifty, Bank Nifty, Tata Motors, ITC & BPCL

NIFTY
Current: 8,270 (futures: 8,289)
Target: NA
Stop-long positions at 8,190. Stop-short positions at 8,350. Big moves could go till 8,400, 8,100. A long 8100p (42), long 8,400c (47) could gain 15-20 if the index swings 150-points in the next sessions.

BANK NIFTY
Current: 17,892 (fut: 17,895)
Target: NA
Stop-loss shorts at 18,025. Stop-loss long positions at 17,775. Big moves could go till 18,250, 17,550. A vote for "Remains" will lead to an uptrend.

TATA MOTORS
Current price: Rs 488
Target price: NA
Sensitive to Brexit. A "Remains" vote could push it till Rs 505. "Leave" could pull it down till Rs 475. Stop-loss positions at Rs 482 (long) and Rs 494 (short).

ITC
Current price: Rs 360
Target price: Rs 355
Keep a stop at Rs 364 and go short. Add to the position between Rs 356 and Rs 357. Book profits at Rs 355.

BPCL
Current price: Rs 1,023
Target price: Rs 1,000
Keep a stop at Rs 1,035 and go short. Add to the position between Rs 1,005 and Rs 1,010. Book profits at Rs 1,000.

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