Intraday Sure Tips
BSE index: (18376) Consider for this week...18570 a crucial resistance up to which selling will be seen, keep stop loss of 18673 to your shorts.
Downward side it'll fall down to 18297, 18229-18147 initially. Consider 18229-18147 a crucial support area where buying support not ruled out. A close below 18147 sudden heavy selling will drag it down to 18008 & 17897. A close below 17897 it'll crash down to 17726 & 17625.
Upward side crossover above 18673 further corrective up surges will take it up to 18855 & 18976-19096, sell on higher levels keeping stop loss of 19200.
Intraday Sure Nifty June Future: (5523) Consider for this week...5554 & 5578 solid resistances up to which selling on higher levels will be seen, keep stop loss of 5609 to your shorts.
Downward side it'll fall down to 5502, 5485-5479 & 5468-5457 initially, consider 5468-5457 crucial support area where buying support not ruled out, keep stop loss of 5441 to your any buys. In worst scenario a close below 5441 it'll heavily fall down further to 5366 & thereafter to 5337 & 5269.
Upward side crossover above 5609 it'll surge up further correctively to 5630, 5666 & 5703-5725, sell on higher levels keeping stop loss of 5770.
BANK NIFTY JUNE FUTURE: (10762) Sell considering 10775 a nearest & 10858-10871 a solid resistance keeping stop loss of 10940. Downward side it'll fall down to 10672 & 10645-10608 initially which is a crucial support. A close below 10608 it'll crash down to 10566 & 10436-10411.
Upward side a close above 10940 it'll turn positive & surge up correctively to 11140 & 11245.
M&M: (667) 657 & 649 crucial supports to watch out for. A close below 649 it'll heavily fall down further to 610 & 586.
Upward side 675-683 a nearest & 693 a solid resistance, sell on higher levels keeping stop loss of 712.
TATA MOTORS: (1025) Sell on higher levels considering 1044 & 1053 solid resistances keeping stop loss of 1076. Downward side it'll fall down to 1001 & 987 initially. A close below 987 it'll crash down to 958 & 904.
ABG SHIP: (373) Keep stop loss of 357 & buy on declines. Upward side a close above 391 it'll spurt up to 403, 411 & 424.
EXIDE: (165) Break below 158 it'll fall down to 151 & 146.
BOSCH: (7117) A close above 7226 expect 7412 & 7713.
BHEL: (1912) It'll fall down to 1887 initially. A close below 1887 sudden panic will drag it down to 1852 & 1839 initially. A close below 1839 it'll heavily crash down to 1825, 1803 & 1780. Upward side 1928-1935 a solid resistance, keep stop loss of 1952 to your shorts.
CAIRN: (335) A close below 330 it'll heavily crash down to 314, 303 & 287. Upward side 339 & 347 are solid resistances.
HINDALCO: (190) Sell considering 192.50 a solid resistance keeping stop loss of 197. Downward side it'll fall down to 183, 179 & 173.
L&T: (1712) Buy considering 1699 a solid support keeping stop loss of 1680. Upward side crossover above 1720 it'll spurt up to 1749 & 1801.
REL CAP: (525) Sell considering 540 a solid resistance keeping stop loss of 549. Downward side it'll fall down to 511 & 506-496. Upward side crossover above 549 it'll turn positive & surge up further to 575 & 582-591.
RANBAXY: (534) Break below 531 it'll fall down to 520 & 513. Upward side 541 & 545 solid resistances.
