MTECHTIPS-26 APR 2019 EQUITY CALLS

MTECHTIPS-26 APR 2019 EQUITY CALLS

 

MTECHTIPS:- NIFTY FUTURE:- NIFTY FUTURE-CMP(11730.85) is currently in SLIGHTLY BEAR trend . Yesterday the trend was STRONG BEAR LOW VOLATALITY In May series Nifty future added 71.82 lakh position in Open Interest and this accounts to 37.36 % of Total Open Interest in May series.The Nifty May series is trading at 89.05 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 27.69 lakh position in open interest and this accounts to 11.27 % of Total Open Interest in all series and cumulatively trading in average premium of 73.48 Rs to Underlying. The open interest is also increasing with trend and premium of share is also increasing indicating bull move

MTECHTIPS:- Bank Nifty Future:- BANKNIFTY(29791.55) is currently in BEAR trend . Yesterday the trend was VERY STRONG BEAR In May series BANKNIFTY future added 4.01 lakh position in Open Interest and this accounts to 23.29 % of Total Open Interest in May series.The BANKNIFTY May series is trading at 230.2 Rs premium to Underlying . In derivative cumulatively for all series contract BANKNIFTY future net shed 0.5 lakh position in open interest and this accounts to -2.14 % of Total Open Interest in all series and cumulatively trading in average premium of 167.82 Rs to Underlying. 

MTECHTIPS:-  :-  IBREALEST:- IBREALEST is in HOLD LONG position Share has crossed the high but the trend was not so strong so for short term better buy above 131.9 with stop at 99.2 The oscillator is showing SELL signal.The short term buy signal is supported by 63 % indicators. 
Intraday trend-Buy if open above 127.8 with a stop at 119 Strong Buy above 131.9 Below 114.8 go for sell or sell if open below119 The intraday signal is BUY and it is supported by 75 % indicators. 

 

MTECHTIPS:- LUPIN:- LUPIN is in HOLD LONG position In short term share is in strong up trend so hold with stop at 841 The LUPIN is now trading in highly overbought level. The oscillator is showing BUY signal .The short term buy signal is supported by 88 % indicators. 
Intraday trend-Buy is advised above 883.1 with a stop at 861.4 Below 855.3 go for sell with a stop at 877 The intraday signal is BUY and it is supported by 73 % indicators. 

MTECHTIPS:- AXISBANK:- AXISBANK is in SELL position The share is in downtrend For short term buy only if close above 758.0 The AXISBANK is now trading in highly oversold level. The oscillator is showing BUY signal .The short term sell signal is supported by 63 % indicators.  Intraday trend-Buy is advised above 753.4 with a stop at 733.9 Below 728.5 go for sell The intraday signal is SELL and it is supported by 63 % indicators. 

MTECHTIPS:-  HEROMOTOCO:- HEROMOTOCO and closed below 1 week low with volume signals down breakoutCurrently HEROMOTOCO is in SELL position Share has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below2562.8 Buy if above 2759.9 The HEROMOTOCO is now trading in highly oversold level. The oscillator is showing BUY signal .The short term sell signal is supported by 50 % indicators.  Intraday trend-Buy is advised above 2661.1 with a stop at 2584.8 Below 2562.8 go for sell The intraday signal is SELL and it is supported by 73 % indicators. 

MTECHTIPS:- SUNTV:-    SUNTV is in HOLD SHORT position Share is in sideways but the trend looks weak so better buy above 605.95 or hold with stop at 573.0 The oscillator is showing SELL signal.The short term sell signal is supported by 63 % indicators. Intraday trend-Sell if open below 567.9 with stop loss at 583.6 or sell below 561.2Buy is not advised till it cross 590.3 The intraday signal is SELL and it is supported by 88 % indicators. 

MTECHTIPS  :- TATASTEEL  :- TATASTEEL and closed below 1 week low with volume signals down breakoutCurrently TATASTEEL is in HOLD SHORT position The share is in downtrend For short term buy only if close above 532.0 The TATASTEEL is now trading in highly oversold level. The oscillator is showing SELL signal.The short term sell signal is supported by 75 % indicators.  Intraday trend-Buy is advised above 522.9 with a stop at 504.2 Below 498.6 go for sell The intraday signal is SELL and it is supported by 78 % indicators. 

MTECHTIPS:-   BHARTIARTL:-  BHARTIARTL is in SELL position Share is in sideways so for short term better buy above 358.55 with stop at 314.2 The BHARTIARTL is now trading in highly oversold level. The oscillator is showing BUY signal .The short term sell signal is supported by 50 % indicators. 
Intraday trend-Buy is advised only above 335.8 with a stop at 324.5 Below 321.2 go for sell and put stop at 332.5 The intraday signal is BUY and it is supported by 73 % indicators. 
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