MTECHTIPS
EQUITY CALLS
BSE index: (19704) for
this week...19542 a most crucial supp if it remains intact then corrective up
surges to 20049 & 20168 will be seen, selling on higher levels will be
seen, SL20444 to your shorts.Down break below 19542 it'll fall down to 19294
initially where again buying supp will be seen. In worst scenario a close below
19294 it'll fall down further to 19100.
Nifty May Future: (5985) for this
week...6035 a most crucial nearest resis to watch out for. Crossover above 6035
it'll surge up to 6110 & 6144 correctively; sell on higher levels SL6239. Down
5936 & 5918 crucial supp. Break below 5918 it'll fall down to 5859-5847
initially where buying supp will be seen. In worst scenario a close below 5847
it'll fall down further to 5814 & 5792.
Bank Nifty MAY Future: (12707) for this week...12777 & 12890 nearest & 13085 a crucial resis up to which selling will be seen, SL13233 to your shorts. Down 12643 & 12510 crucial supp to watch out for, SL12469 to your buys. Break below 12469 it'll fall down to 12322 & 12126, buy on lower levels SL12126.Up a close above 13233 it'll turn positive & spurt up to 13392.
Bank Nifty MAY Future: (12707) for this week...12777 & 12890 nearest & 13085 a crucial resis up to which selling will be seen, SL13233 to your shorts. Down 12643 & 12510 crucial supp to watch out for, SL12469 to your buys. Break below 12469 it'll fall down to 12322 & 12126, buy on lower levels SL12126.Up a close above 13233 it'll turn positive & spurt up to 13392.
HCL TECH: (736) Sell 745
a crucial resis SL753. Down breaks below 731 it'll fall down to 709 & 696.
TCS: (1470) Sell 1478 & 1491 solid resiss SL1503. Down it'll fall down to 1449 & thereafter to 1432 & 1403.
UNITED SPIRIT: (2570) Buy on declines 2520 a nearest & 2455-2440 a solid supp SL2412. Up it'll spurt up to 2627, 2681-2706 & 2805.
MCLEOD RUSSEL: (297) Sell 301 & 311 solid resiss SL316. Down it'll fall down to 276.
JUB FOOD: (1076) Buy 1057 & 1045 solid supp SL1020. Up it'll spurt up to 1133 & closing above which 1214.
JINDAL STEEL: (295) Sell 300-302 a solid resis SL305. Down it'll fall down to 277 & 262.
RANBAXY: (390) Sell on higher levels 412 a solid resis SL425. Down break below 385 it'll fall down further to 364 & 329.
REL INFRA: (376) Sell on higher levels 392 a solid resis SL405. Down it'll fall down to 346 & 326.
L&T: (1457) Sell 1483 & 1502 solid resiss SL1510. Down it'll fall down to 1373.
SBI: (2151) Sell on higher levels 2183 & 2199 solid resiss SL2223. Down it'll fall down further to 2092.Up a close above 2223 it'll surge up to 2327 in a disguised manner.
ICICI Bank: (1204) Buy 1192 & 1178 crucial supp SL1162. Up a close above 1212 it'll spurt up to 1279.Down a close below 1162 it'll turn weak & fall down to 1117 & 1090.
TCS: (1470) Sell 1478 & 1491 solid resiss SL1503. Down it'll fall down to 1449 & thereafter to 1432 & 1403.
UNITED SPIRIT: (2570) Buy on declines 2520 a nearest & 2455-2440 a solid supp SL2412. Up it'll spurt up to 2627, 2681-2706 & 2805.
MCLEOD RUSSEL: (297) Sell 301 & 311 solid resiss SL316. Down it'll fall down to 276.
JUB FOOD: (1076) Buy 1057 & 1045 solid supp SL1020. Up it'll spurt up to 1133 & closing above which 1214.
JINDAL STEEL: (295) Sell 300-302 a solid resis SL305. Down it'll fall down to 277 & 262.
RANBAXY: (390) Sell on higher levels 412 a solid resis SL425. Down break below 385 it'll fall down further to 364 & 329.
REL INFRA: (376) Sell on higher levels 392 a solid resis SL405. Down it'll fall down to 346 & 326.
L&T: (1457) Sell 1483 & 1502 solid resiss SL1510. Down it'll fall down to 1373.
SBI: (2151) Sell on higher levels 2183 & 2199 solid resiss SL2223. Down it'll fall down further to 2092.Up a close above 2223 it'll surge up to 2327 in a disguised manner.
ICICI Bank: (1204) Buy 1192 & 1178 crucial supp SL1162. Up a close above 1212 it'll spurt up to 1279.Down a close below 1162 it'll turn weak & fall down to 1117 & 1090.
07489294118-119
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