Tuesday, 30 October 2012

MTECHTIPS


MTECHTIPS EQUITY CALLS
BSE index: (18431) Sell on higher levels  18510-18558 a solid resis SL 18718. Down side it'll fall down to 18326 & 18303-18272 initially. Break below 18272 panic selling will drag it down to 18194-18182, cover shorts on lower levels & buy SL 18145. 
Nifty NOV Futures: (5628) Sell on higher levels  5660 & 5673 nearest & 5692 a solid resis SL 5725. Down side it'll fall down to 5602, 5595-5587 & thereafter to 5562 & 5546, cover shorts on lower levels & buy SL 5525. 

Bank Nifty NOV Futures:
 (11280) Sell on higher levels  11431 a nearest & 11501-11549 solid resis SL 11685. Down side it'll fall down to 11213 initially which is a crucial support. Break below 11213 heavy fresh selling will drag it down to 11089 & 10997.
MARUTI: (1395) Buy  1380-1376 a solid support SL 1364. UP side it'll spurt up to 1436 & 1465.

M&M:
 (874) Sell  882 & 890 crucial resis SL 899. Down side it'll fall down to 864, 860 & 854.
UP side crossover above 899 it'll turn positive & spurt up to 918.


BATA:
 (885) Sell on higher levels  894 a crucial resis SL 903. Down side break below 875 it'll fall down to 853 & thereafter to 811. UP side crossover above 903 it'll turn bit positive & surge up to 920.

TITAN:
 (258) Sell  260 & 264 crucial resis SL 267. Down side it'll fall down to 254 & 251 initially which is a crucial support to watch out for. Break below 251 it'll crash down to 247 & 241. UP side crossover above 267 it'll surge up to 273 in a disguised manner. 

UNITED SPIRIT:
 (1144) Sell on higher levels  1171 a solid resis SL 1190. Down side it'll fall down to 1097 & thereafter to 1069.

CENTURY:
 (377) Sell  381 & 385 crucial resis SL 389. Down side it'll fall down to 365.

FIN TECH:
 (982) Crossover above 990 it'll surge up to 1009 in a disguised manner, sell on higher levels SL 1030. Down side break below 964 it'll fall down to 948, 938 & 922.

SBI:
 (2074) Sell on higher levels  2131 & 2161 solid resis SL 2200. Down side it'll fall down to 2058 & 2021 initially. In worst scenario break below 2021 it'll crash down to 1916.

PNB:
 (730) Sell  744 & 753 solid resis SL 757. Down side it'll fall down to 713 initially. Break below 713 it'll crash down to 701-695, cover shorts on lower levels.
COLGATE: (1285) It'll rush up to 1300 initially which is a crucial hurdle to watch out for. Crossover above 1300 it'll sustain on higher levels & flare up to 1355 & 1410. Down side 1258 & 1240 are solid supports

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