MTECHTIPS:- EQUITY CALLS 31-08-2015

MTECHTIPS:- EQUITY CALLS 31-08-2015
MTECHTIPS:- BSE index: (26392) Consider for this week…26687-26731 a crucial resistance up to which selling will be seen. Downward side it’ll fall down to 26172-26100 & 25990 initially. In worst scenario a close below 25990 heavy fresh selling will drag it down to 25810 & 25526. Upward side a close above 26731 it’ll surge up correctively to 27015 & thereafter to 27545.

MTECHTIPS:- Nifty September Future: (8023) Consider for this week…8081 & 8125 crucial resistances up to which selling will be seen. Downward side it’ll fall down to 7955 & 7890 initially. In worst scenario a close below 7890 heavy fresh selling will drag it down to 7841, 7817, 7753 & 7714. Upward side a close above 8125 it’ll surge up correctively to 8188, 8213 & thereafter to 8383.

MTECHTIPS:- Bank Nifty September Future: (17273) Consider for this week…17500 & 17661 crucial resistances up to which selling will be seen. Downward side 17149 & 17057 nearest supports. Break below 17057 it’ll fall down to 16837 initially. In worst scenario a close below 16837 fresh selling will drag it down to 16643-16571 & 16330-16271. Upward side crossover above 17661 it’ll surge up to 17805 & thereafter to 18196 correctively.

MTECHTIPS:- INDUSIND Bank: (847) Sell considering 858 & 865 crucial resistances keeping stop loss of 880. Downward side it’ll fall down to 826, 812 & 789.

MTECHTIPS:-CEAT: (1099) Sell considering 1122 a crucial resistance keeping stop loss of 1138. Downward side it’ll fall down to 1052, 1031 & 999.

MTECHTIPS:-SBI: (249) A close below 245 it’ll heavily fall down to 235, 229 & 220. Upward side 253.50 & 258 crucial resistances.

MTECHTIPS:-M&M: (1233) A close below 1206 it’ll heavily fall down to 1165 & 1140. Upward side 1255 & 1274 solid resistances.

MTECHTIPS:-HUL: (857) Break below 851 it’ll heavily fall down to 834, 824 & 807. Upward side 871 & 878 crucial resistances.

MTECHTIPS:-UPL: (521) Sell considering 528 & 533 crucial resistances keeping stop loss of 539. Downward side break below 512 it’ll fall down to 503, 495 & 484.

MTECHTIPS:-AUROBINDO: (755) 769 a crucial resistance up to which selling will be seen, keep stop loss of 780 to your shorts. Downward side it’ll fall down to 737, 726 & thereafter to 692.

MTECHTIPS:-CESC: (524) Sell considering 528 & 537 crucial resistances keeping stop loss of 545. Downward side it’ll fall down to 508 & 496.
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