MTECHTIPS:- 08 MAY 2017 EQUITY CALLS

08 MAY 2017

EQUITY CALLS

MTECHTIPS:- BSE index: (29859) Consider for this week…Buy considering 29766 a crucial support keeping stop loss of 29700. Upward side 30066 & 30184-30255 crucial hurdles. A close above 30255 fresh buying will take it up to 30412 & 30557. Downward side a close below 29700 profit booking will drag it down to 29635, 29569 & 29424.

MTECHTIPS:- Nifty May Future: (9317) Consider for this week…9281 & 9230 crucial supports, keep stop loss of 9230 to your buys. Upward side 9360 a nearest & 9384 & 9403 crucial hurdles. A close above 9403 fresh buying will take it up to 9451, 9487-9500 & 9550-9578. Downward side a close below 9230 it’ll fall down correctively to 9166 & 9114.

MTECHTIPS:- Bank Nifty May Future: (22652) Consider for this week…22555 & 22460 crucial supports, keep stop loss of 22291 to your buys. Upward side 22736 & 22818 crucial hurdles. Crossover above 22818 it’ll rush up to 22933 & closing above which 23125. Downward side a close below 22291 it’ll fall down correctively to 22099-21973.

MTECHTIPS:- TATA MOTORS: (420) Selling on higher levels will be seen.

BEXIDE & ESCORTS: Buying on lower levels will be seen.

ICICI Bank, SBI & CAN Bank: Buying on lower levels will be seen.

HUL: (954) Buying on lower levels will be seen..

VED L & SUN PHARMA: Selling on higher levels will be seen.

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