MTECHTIPS:-04 MAY 2017 EQUITY CALLS

04 MAY 2017

EQUITY CALLS

MTECHTIPS:- BSE index: (29895) Buy considering 29804 & 29766 solid supports keeping stop loss of 29700. Upward side 30070 a crucial hurdle. Crossover above 30070 heavy fresh buying will take it up to 30305.

MTECHTIPS:- Nifty May Future: (9338) Crossover above 9373 heavy fresh buying will take it up to 9403, 9423 & 9448-9460. Downward side 9280 & 9231 solid supports, buy on declines keeping stop loss of 9170.

MTECHTIPS:- Bank Nifty May Future: (22340) Keep stop loss of 22290 to your buys. Upward side 22429 & 22488 crucial hurdles. Crossover above 22488 it’ll spurt up to 22566 & thereafter to 22609 & 22700. Downward side break below 22290 it’ll fall down to 22185 & 22112 on intraday basis.

MTECHTIPS:- POWERGRID: (210.75) Buy considering 210 a solid support keeping stop loss of 207. Upward side it’ll spurt up to 216, 220 & 225.

GODREJ CONSUMER: (1806) Buy considering 1794 a solid support keeping stop loss of 1774. Upward side it’ll spurt up to 1844 & 1874.

UNION Bank, SYNDICATE Bank & BOB: Buying on lower levels will be seen.

MOTHERSON SUMI: (404) Buying on lower levels will be seen.

LIC HSG & L&T FIN: Buy on declines.

KOTAK Bank: (914) Crossover above 922 heavy fresh buying will be seen.

ARVIND & ICIL: Crossover above 425 & 210 heavy fresh buying will be seen.

IB REAL: (156) Crossover above 159 it’ll spurt up heavily.

BOB: (189) Crossover above 192 heavy fresh buying will be seen.
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