December 12, 2017

MTECHTIPS

 

MTECHTIPS:MARKET UPDATE

 

BSE index: (18537) 18595 a crucial hurdle crossover above which it’ll surge up to 18684 & 18747. Downward side 18508 & 18490 crucial supports. Break below 18490 it’ll turn weak & fall down to 18411 & 18377.

 

Nifty NOV Futures: (5641) Crossover above 5658 it’ll rush up to 5678-5681 which is a crucial hurdle to watch out for. Crossover above 5681 it’ll sustain on higher levels & surge up further to 5696 & 5713.

Downward side 5626 & 5606 crucial supports, keep stop loss of 5597 to your buys. Break below 5597 it’ll turn weak & fall down heavily to 5560, 5536 & 5500.

 

Bank Nifty NOV Futures: (11441) 11503 & 11549-11580 crucial hurdles where profit booking to continue, keep stop loss of 11636 to your shorts. In better scenario crossover above 11636 it’ll surge up heavily to 11769.

Downward side 11402 a crucial support, keep stop loss of 11326 to your buys. Break below 11326 it’ll turn weak & fall down to 11245 & 11136.

 

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