MTECHTIPS:-05 JUNE 2017 EQUITY CALLS

05 JUNE 2017

EQUITY CALLS

MTECHTIPS:- BSE index: (31273) Consider for this week…A close above 31340 it’ll flare up further to 31500, 31603 & 31686. Downward side 31194 & 30999 solid supports, buy keeping stop loss of 30999. A close below 30999 it’ll fall down to 30821 correctively.

MTECHTIPS:- Nifty May Future: (9645) Consider for this week…Buy considering 9629 a nearest & 9596-9582 a solid support keeping stop loss of 9543. Upward side it’ll rush up to 9674 & 9697 initially. A close above 9697 heavy fresh buying will take it up further to 9759, 9784 & 9795. Downward side break below 9543 it’ll fall down correctively to 9475.

MTECHTIPS:- Bank Nifty May Future: (23335) Consider for this week…Buy or remain long considering 23224 & 23180 solid supports keeping stop loss of 23050. Upward side it’ll rush up to 23415 & 23478 initially. A close above 23478 it’ll spurt up further to 23603, 23680 & 23836. Downward side a close below 23050 it’ll fall down correctively to 22821.

MTECHTIPS:- MUTHOOT FIN: (427.60) Buy considering 419 & 414 solid supports keeping stop loss of 408. Upward side it’ll spurt up to 440, 462 & 499.

INDUSIND Bank & KTK Bank: Buy.

RELIANCE & L&T: Buy.

HERO MOTO: (3842) Buy.

BALKRISHNA IND: (1561) Buy considering 1549 & 1530 solid supports keeping stop loss of 1495. Upward side it’ll spurt up to 1660 & thereafter to 1679 & 1718-1729.

M&M FIN: (389) It’ll rush up to 399 initially. A close above 399 heavy fresh buying will take it up further.

ESCORTS: (719) Crossover above 720 it’ll surge up further.

CEAT: (1848) 1810-1790 a crucial support. Upward side 1872 & 1890 crucial hurdles. A close above 1890 it’ll spurt up further.

HDFC: (1610) A close above 1616 it’ll spurt up heavily.

BHARAT FORGE: (1194) A close above 1216 fresh buying will be seen.

TVS MOTORS: (541) Keep stop loss of 531 & buy or remain long.

AXIS Bank: (508) A close above 520 it’ll spurt up heavily.

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