MTECHTIPS;-16 AUGUST 2016 EQUITY CALLS

MTECHTIPS:- BSE index: (28152) Consider for this week…28300 a most crucial hurdle closing above which only fresh buying will take it up decisively to 28510 & 28736. Downward side 28103 & 28002-27950 nearest & 27837 a crucial support, keep stop loss of 27600 to your buys. A close below 27600 decisive correction will start.

MTECHTIPS:- Nifty August Future: (8678) Consider for this week…8735 & 8773 crucial hurdles to watch out for. A close above 8773 only fresh buying will take it up decisively.

MTECHTIPS:- Bank Nifty August Future: (18985) Consider for this week…19056-19105 a nearest & 19200 a crucial hurdle. A close above 19200 decisive fresh buying will take it up further.

MTECHTIPS:- AXIS Bank: (591) Buy considering 581 & 576 solid supports keeping stop loss of 569. Upward side it’ll spurt up to 598 & 621.
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