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Today's picks: 16 June, 2017

Nifty, Bank Nifty, Wipro, BPCL, Tata Motors

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Devangshu Datta
Nifty
 
Current price: 9,578  (fut: 9,599)
Target price: NA
Stop-long positions at 9,525. Stop-short positions at 9,675. Big moves could go till 9,450, 9,750. A long 9,500p (40), short 9,400p (22) could gain 15-20 if the index drops till 9,525.
 
Bank Nifty
 
Current price: 23,391 (futures: 23,395)
Target price: NA
 Stop-long positions at 23,300. Stop-short positions at 23,500. Big moves could go till 23,750, 23,050. Downtrend might test key support at 23,300, with next support at 23,250.
 
Wipro
Current price: Rs 261
Target price: Rs 266
Keep a stop at Rs 258 and go long. Add