MTECHTIPS:-17 APRIL 2017 EQUITY CALLS
17 APRIL 2017
MTECHTIPS:- BSE index: (29461) Consider for this week…29573 & 29714 crucial resistances up to which profit booking will be seen, keep stop loss of 29839 to your shorts. Downward side it’ll fall down to 29421, 29371 & 29260 initially. A close below 29260 panic selling will drag it down further to 29082. Upward side a close above 29839 it’ll turn positive & spurt up to 30010 & thereafter to 30190.
MTECHTIPS:- Nifty April Future: (9182) Consider for this week…9165-9157 & 9142 most crucial supports to watch out for. Break below 9142 heavy profit booking will drag it down to 9106, 9070 & 9047, buy on lower levels keeping stop loss of 9008. Upward side 9222 & 9256 crucial hurdles, keep stop loss of 9270 to your any shorts. Crossover above 9270 it’ll spurt up to 9299 & thereafter to 9350 & 9395.
MTECHTIPS:- Bank Nifty April Future: (21733) Consider for this week…Buy considering 21620-21584 a nearest & 21498 a crucial support keeping stop loss of 21355. Upward side it’ll spurt up to 21852, 21995-22055 & thereafter to 22225. Downward side break below 21355 it’ll turn weak & fall down correctively to 21215 & 21041.
MTECHTIPS:- TATA MOTORS: (453) Sell considering 458 & 464 crucial resistances keeping stop loss of 469. Downward side it’ll fall down to 442 & 433.
ESCORTS: (546) A close below 536 heavy profit booking will underway. Upward side 560 a crucial hurdle.
HINDALCO & TATA STEEL: Profit booking on higher levels to continue.
IOC, PETRONET & SRF: Buying on lower levels will be seen.
BHEL & SIEMENS: Buying on lower levels will be seen.
LIC HSG FIN: (632) Buying on lower levels will be seen.