MTECHTIPS:- 28 JULY 2017 EQUITY CALLS

28 JULY 2017

EQUITY CALLS

MTECHTIPS:- BSE index: (32383) 32318 a crucial support break below which it’ll fall down correctively to 32110. Upward side 32564 a crucial resistance up to which profit booking will be seen, keep stop loss of 32673 to your shorts.

MTECHTIPS:- Nifty August Future: (10070) 10119 a crucial hurdle up to which profit booking will be seen, keep stop loss of 10150 to your shorts. Downward side it’ll fall down to 10020 initially. Break below 10020 it’ll fall down further to 9948.

MTECHTIPS:- Bank Nifty August Future: (24975) 25071 & 25140 crucial hurdles where profit booking will be seen, keep stop loss of 25140 to your shorts. Downward side 24800 a crucial support break below which it’ll fall down to 24632 & 24529. Upward side crossover above 25140 heavy fresh buying will take it further up to 25240 & 25345.

MTECHTIPS:- HDFC Bank: (1788) It’ll rush up to 1808-1816 initially where profit booking will be seen. In better scenario crossover above 1816 heavy fresh buying will take it up further to 1853. Downward side 1774 & 1751 crucial supports.

INDUSIND Bank: (1607) It’ll rush up further to 1633 & 1649 where profit booking will be seen. Downward side 1603 & 1581 crucial supports.

YES Bank: (1787) 1810 a crucial hurdle where profit booking will be seen. In better scenario crossover above 1810 heavy fresh buying will take it up further to 1831 & 1852. Downward side 1768 & 1741 crucial supports. Break below 1741 it’ll fall down correctively to 1703 & 1688.

IBUL HSG: (1162) Sell on higher levels considering 1182-1187 a crucial resistance keeping stop loss of 1202. Downward side it’ll fall down to 1150, 1131 & 1100.

MUTHOOT FIN: (466) Sell on higher levels considering 473-476 a crucial resistance keeping stop loss of 481. Downward side it’ll fall down to 458.50, 453 & 444.

ESCORTS: (642) Sell on higher levels considering 648 & 652 crucial resistances keeping stop loss of 658. Downward side it’ll fall down to 627 & 620 initially. In worst scenario break below 620 it’ll heavily fall down further to 585.

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