MTECHTIPS: MARKET UPDATE

MTECHTIPS

MARKET UPDATE

BSE index: (18625) Consider for this week...18558 a nearest support break below which it'll fall down to 18499 & 18443 where buying support will be seen, keep stop loss of 18443 to your buys on declines. Upward side 18689 & 18730 crucial hurdles, keep stop loss of 18790 to your shorts. A close above 18790 it'll spurt up to 18948 & thereafter to 19045.
Downward side a close below 18443 it'll turn very weak & fall down heavily to 18346, 18280 & 18194.

Nifty NOV Futures: (5699) Consider for this week...5664 a nearest support break below which it'll fall down to 5640-5633 & thereafter to 5619-5609, buy on declines keeping stop loss of 5585. Upward side 5711 & 5731 crucial hurdles to watch out for. A close above 5731 it'll surge up to 5768 & 5786-5792 initially. A close above 5792 it'll flare up to 5832. Downward side in worst scenario a close below 5585 it'll fall down further to 5569, 5546 & thereafter to 5525 & 5456.

Bank Nifty NOV Futures: (11585) Consider for this week...it'll fall down further to 11501 initially where buying support will be seen, keep stop loss of 11443 to your buys. Upward side 11649 & 11698 crucial hurdles to watch out for. A close above 11698 heavy fresh buying will take it up to 11856 & 11953.
Downward side break below 11443 it'll fall down heavily to 11290 & 11194.

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