MTECHTIPS:-20 JUNE 2016 EQUITY CALLS

MTECHTIPS:-20 JUNE 2016
EQUITY CALLS
MTECHTIPS:- BSE index: (26626) Consider for this week…26753-26840 a crucial hurdle up to which profit booking will be seen. Downward side 26522 a crucial support break below which it’ll fall down to 26420 & 26346 initially. A close below 26346 it’ll fall down further to 26227 & 26144-26123 where again buying support will be seen. Upward side a close above a close above 26840 fresh buying will take it up to 27001 & 27170.

MTECHTIPS:- Nifty June Future: (8175) Consider for this week…8200 a nearest & 8221-8250 a crucial hurdle up to which profit booking will be seen, keep stop loss of 8250 to your any shorts. Downward side 8151 a nearest support break below which it’ll fall down to 8108, 8081-8067 & 8038-8015. Around 8015 buying support will come. Upward side a close above 8250 fresh buying will take it up to 8313 & 8369.

MTECHTIPS:- Bank Nifty June Future: (17700) Consider for this week…17782 a nearest & 17860-17906 a crucial hurdle up to which profit booking will be seen, keep stop loss of 17906 to your any shorts. Downward side 17610 & 17527 crucial supports to watch out for. Break below 17527 heavy profit booking will drag it down to 17302 & 17160. Upward side a close above 17906 fresh buying will take it up to 18090 & 18233.
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