Monday, 8 October 2012

MTECHTIPS EQUITY CALLS


MTECHTIPS EQUITY CALLS
BSE index: (18709) 18678-18669 a most crucial Supp to watch out for where buying Supp will be seen. UP side 18758 & 18880 crucial hurdles. Crossover above 18880 it'll surge up to 18995, profit booking on higher levels will be seen.
Down side break below 18669 it'll fall down to 18553-18522 initially. In worst scenario break below 18522 panic selling will drag it down to 18378-18333, buy in panic SL18285. 
Nifty OCT Futures: (5701) 5692-5679 crucial Supp to watch out for where buying Supp will be seen. UP side 5733 & 5750 crucial hurdles. Crossover above 5750 it'll surge up to 5805; profit booking will be seen on higher levels.
Down side break below 5679 it'll fall down to 5656-5643 initially. In worst scenario break below 5643 panic selling will drag it down to 5609 & 5571, buy in panic SL5530. 


Bank Nifty OCT Futures:
 (11416) 11510-11527 crucial hurdles where profit booking to continue, keep stop loss of 11585 to your shorts. Down side it'll fall down to 11329-11327 initially, which is a most crucial Supp. Break below 11327 panic selling will drag it down to 11217 & 11089-11036; buy in panic SL10985.UP side crossover above 11585 it'll surge up to 11677. 
BOB: (771) Sell 775-779-783 crucial resis. SL791. Down side it'll fall down to 756-745.

SBI:
 (2270) 2252 a most crucial Supp where buying Supp will be seen. UP side 2295-2315 crucial hurdles. Crossover above 2315 it'll surge up to 2387. Down side break below 2252 it'll turn weak & fall down to 2226 & 2184.

UBI:
 (196.25) Sell 200 a crucial resis. SL203. Down side it'll fall down to 190-185. 

HAVELLS:
 (661) Buy on declines 654-648 solid Supps SL644. UP side it'll spurt up to 671.50 & 681, book profit on higher levels. 

TATA GLOBAL:
 (155.25) Buy or remain long  154 a solid Supp SL150. UP side it'll rush up to 160-161 initially where profit booking will be seen. Crossover above 161 only it'll sustain on higher levels & flare up to 163.5,165.25-170

UNITED SPIRIT:
 (1182) Sell on higher levels  1215-1235 solid resis. SL1270. Down side it'll fall down to 1160-1114.

FIN TECH:
 (979) Break below 970 it'll fall down heavily to 947-928. UP side 996 & 1006 are crucial resis.
INFY: (2491) Sell  2522 a crucial resis. SL2543. Down side it'll fall down to 2457-2432, cover shorts on lower levels.

SUN PHARMA:
 (709) Buy on declines 701-693 solid Supp SL685. UP side it'll spurt up to 718-727.

BHEL:
 (254) Buy  250 a solid Supp SL247. UP side it'll spurt up to 260-266.5 Down side break below 247 it'll fall down to 242.5-241

JAIN IRRIGATION:
 (72) Buy SL70. UP side crossover above 74 it'll spurt up to 80.

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