MTECHTIPS:- 06 MARCH 2017 EQUITY CALLS

06 MARCH 2017

EQUITY CALLS

MTECHTIPS:- BSE index: (28832) Consider for this week…28934-29011 a nearest & 29146 a crucial hurdle up to which profit booking will be seen. In better scenario a close above 29146 heavy fresh buying will take it up to 29355 & 29736. Downward side 28716 & 28624 crucial supports, keep stop loss of 28597 to your overall buys. A close below 28597 heavy profit booking will drag it down to 28450 & 28287.

MTECHTIPS:- Nifty March Future: (8923) Consider for this week…8902 & 8872 crucial supports, keep stop loss of 8858 to your overall buys. Upward side 8952 & 8973 nearest & 9018-9031 a crucial hurdle. A close above 9031 fresh buying will take it up to 9108 & 9190. Downward side a close below 8858 heavy profit booking will drag it down to 8782 & 8727.

MTECHTIPS:- Bank Nifty March Future: (20580) Consider for this week…20812 & 20958 nearest hurdles. Crossover above 20958 it’ll surge up to 21147 initially. In better scenario a close above 21147 it’ll sustain on higher levels & flare up to 21286 & 21488. Downward side 20492 & 20363 crucial supports, keep stop loss of 20363 to your buys. A close below 20363 it’ll fall down correctively to 20202 & 20005.

MTECHTIPS:- BAJAJ AUTO: (2831) A close above 2864 heavy fresh buying will be seen.

TVS MOTORS: (429) 421 & 415 crucial support where buying support will be seen.

BHARAT FORGE: (1044) 1057 & 1075 crucial hurdles. A close above 1075 it’ll spurt up heavily. Downward side 1032 & 1016-1000 crucial supports.

MOTHERSON SUMI: (354) 344 a crucial support closing below which heavy unwinding will underway.

AMARRAJA BAT: (848) Selling on higher levels will be seen.

AXIS Bank: (513) A close above 522 heavy fresh buying will be seen.

KTK Bank: (136.50) 132 & 128 solid supports, buying on lower levels will be seen.

TATA STEEL: (495) 490-488 a solid support.

IBUL HSG: (842) A close below 833 heavy profit booking will be seen.

HINDALCO: (199) Crossover above 201.50 it’ll spurt up further.

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