Nifty Sure Shot Tips
BSE index: (19135) Consider for this week...18976-18916 crucial support area to watch out for initially in further declines where buying support will be seen & it'll surge up correctively to 19337 & thereafter to 19439-19483, sell on higher levels keeping stop loss of 19700.
Downward side a close below 18916 heavy fresh selling will drag it down to 18801 & thereafter to 18675, 18553 & 18460, 18332.
Upward side a close above 19700 don't remain short then as it'll turn positive & spurt up heavily to 20144 & 20420.
Intraday Nifty MAY Future: (5754) Consider for this week...5703 a most crucial support if it remains intact then expect corrective up surges to 5793-5818 & 5850-5865, sell on higher levels keeping stop loss of 5932.
Downward side a close below 5703 heavy fresh selling will drag it down further to 5664-5654 & thereafter to 5593 & 5569 initially. A close below 5569 severe panic will drag it down to 5537, 5515 & 5435.
Upward side a close above 5932 it'll turn positive & spurt up heavily to 6073 & 6161.
AXIS Bank: (1286) 1258 a most crucial support to watch out for if it remains intact then expect corrective up surges to 1308 & 1325, sell on higher levels keeping stop loss of 1344. Downward side a close below 1258 it'll fall down to 1184 & 1131.
DLF: (223) Sell on higher levels considering 229 & 239 solid resistances keeping stop loss of 249. It'll fall down to 215, 207 & 194.
HDFC Bank: (2293) A close below 2275 it'll heavily fall down to 2238 & 2196 initially. A close below 2196 sudden further panic down to 2128 will be seen.
ICICI Bank: (1115) 1129 a crucial hurdle crossover above which it'll surge up to 1171 initially. A close above 1171 it'll sustain on higher levels & flare up to 1194 & 1234. Downward side 1085 a crucial support closing below which it'll crash down to 1058, 1042 & 1015.
IDFC: (145) 151 & 153 solid resistances, sell keeping stop loss of 158. It'll fall down to 141.50. A close below 141.50 it'll crash down to 135 & 126.
JINDAL STEEL: (653) Sell on higher levels considering 678 a solid resistance keeping stop loss of 690. Downward side it'll fall down to 630 & 615.
L&T: (1598) It'll fall down further to 1563 & 1541 initially. A close below 1541 sudden panic will drag it down to 1500. Upward side 1654 & 1673 solid resistances, keep stop loss of 1704 to your shorts.
REL INFRA: (658) Sell considering 678 a solid resistance keeping stop loss of 689. Downward side it'll fall down to 633 & 615.
DLF: (223) Sell on higher levels considering 229 & 239 solid resistances keeping stop loss of 249. It'll fall down to 215, 207 & 194.
HDFC Bank: (2293) A close below 2275 it'll heavily fall down to 2238 & 2196 initially. A close below 2196 sudden further panic down to 2128 will be seen.
ICICI Bank: (1115) 1129 a crucial hurdle crossover above which it'll surge up to 1171 initially. A close above 1171 it'll sustain on higher levels & flare up to 1194 & 1234. Downward side 1085 a crucial support closing below which it'll crash down to 1058, 1042 & 1015.
IDFC: (145) 151 & 153 solid resistances, sell keeping stop loss of 158. It'll fall down to 141.50. A close below 141.50 it'll crash down to 135 & 126.
JINDAL STEEL: (653) Sell on higher levels considering 678 a solid resistance keeping stop loss of 690. Downward side it'll fall down to 630 & 615.
L&T: (1598) It'll fall down further to 1563 & 1541 initially. A close below 1541 sudden panic will drag it down to 1500. Upward side 1654 & 1673 solid resistances, keep stop loss of 1704 to your shorts.
REL INFRA: (658) Sell considering 678 a solid resistance keeping stop loss of 689. Downward side it'll fall down to 633 & 615.
