MTECHTIPS:- 24 APRIL 2017 EQUITY CALLS

24 APRIL 2017

EQUITY CALLS

MTECHTIPS:- BSE index: (29365) Consider for this week…29241 a nearest support break below which it’ll fall down to 29119 initially which is a most crucial support where buying support will be seen, keep stop loss of 29119 to your longs. In worst scenario a close below 29119 it’ll heavily fall down to 28934 & 28733. Upward side 29482 & 29585 crucial hurdles. A close above it’ll surge up to 29786.

MTECHTIPS:- Nifty April Future: (9127) Consider for this week…9085 a nearest support break below which it’ll fall down to 9047 initially where buying support will be seen, keep stop loss of 9047 to your overall longs. In worst scenario a close below 9047 heavy profit booking will drag it down to 8973 & 8901. Upward side 9208 & 9231 crucial hurdles, keep stop loss of 9247 to your shorts. A close above 9247 it’ll turn positive & spurt up to 9280, 9325 & 9372.

MTECHTIPS:- Bank Nifty April Future: (21541) Consider for this week…Keep stop loss of 21355 to your buys. Upward side 21665 a crucial hurdle crossover above which it’ll surge up to 21787 initially. A close above 21787 heavy fresh buying will take it up to 22107. Downward side a close below 21355 heavy profit booking will drag it down to 21208, 21100 & 20928.

MTECHTIPS:- BEL & ENG INDIA: Buying on lower levels will be seen.

SIEMENS & VOLTAS: Buying on lower levels will be seen.

CESC & POWERGRID: Buy.

JAIN IRRIGATION, SINTEX & KAVERI SEED: Buying on lower levels will be seen.

DLF: (183) Buy.

CAN Bank: (323) Buying on lower levels will be seen.

SUN PHARMA: (640) It’ll fall down to 622 & 596.
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