Thursday, 11 October 2012

MTECHTIPS:MARKET UPDATE


MTECHTIPS

MARKET UPDATE:-

BSE index: (18805) Buy on declines considering 18741 & 18700 solid supports keeping stop loss of 18581. Upward side it'll rush up further to 18867-18886 initially which is a crucial hurdle to watch out for. Crossover above 18886 it'll sustain on higher levels & flare up to 18945 & 19045.

Nifty OCT Futures: (5739) Buy on declines considering 5711 & 5703-5697 solid supports keeping stop loss of 5656. Upward side 5757 a crucial hurdle crossover above which it'll spurt up further to 5782, 5812 & thereafter to 5873.

Bank Nifty OCT Futures: (11513) Buy on declines considering 11494 a nearest & 11438-11405 solid supports keeping stop loss of 11305. Upward side 11585 a nearest hurdle crossover above which it'll rush up to 11609 & 11648 initially. Crossover above 11648 it'll sustain on higher levels & flare up to 11714 & thereafter to 11885.

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