Monday 29 October 2012

MTECHTIPS:MARKET UPDATE


MTECHTIPS

MARKET UPDATE

BSE index: (18636) Sell considering 18690 a crucial resistance keeping stop loss of 18744. Downward side break below 18558 it'll fall down to 18488 initially which is a crucial support to watch out for. Break below 18488 it'll fall down further to 18466 & 18433-18400.
Upward side crossover above 18744 it'll turn positive & surge up to 18850 & 18915.

Nifty NOV Futures: (5702) Sell considering 5714 a crucial resistance keeping stop loss of 5731. Downward side break below 5673 it'll fall down to 5646, 5627-5621 & thereafter to 5595-5585.
Upward side crossover above 5731 it'll turn positive & surge up to 5762 & 5781-5787.

Bank Nifty NOV Futures: (11563) 11501 a most crucial support break below which heavy profit booking will drag it down to 11422, 11366 & 11275. Upward side 11614 & 11660 crucial hurdles, keep stop loss of 11698 to your shorts. Crossover above 11698 it'll turn positive & spurt up to 11751, 11807 & 11900.

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