BSE index: (18495) Crossover above 18546 it'll surge up further to 18659 where selling will be seen, keep stop loss of 18673 to your shorts.
Downward side 18402 & 18351 crucial supports. Break below 18351 it'll fall down to 18230 & 18156.
Upward side crossover above 18673 only it'll sustain on higher levels & spurt up to 18715, 18783 & 18855-18873.
Intraday Nifty June Future: (5563) It'll rush up to 5592 initially which is a solid resistance where selling will be seen. Crossover above 5592 only it'll sustain on higher levels & surge up further to 5619-5630 & 5663, sell on higher levels keeping stop loss of 5681.
Downward side 5543 & 5526 crucial supports, keep stop loss of 5508 to your buys. Break below 5508 it'll turn weak & fall down to 5466 & 5439.
TATA MOTORS: (1027) Break below 1016 it'll fall down heavily to 986 & 976. Upward side 1035 & 1044 solid resistances, keep stop loss of 1052 to your shorts.
HERO HONDA: (1835) Sell considering 1849 a solid resistance keeping stop loss of 1857. Downward side it'll fall down to 1809 & 1791.
GE SHIP: (292) Buy keeping stop loss of 285. Upward side it'll surge up to 301 & 307, book profit on higher levels.
APOLLO TYRES: (72) Buy considering 71 a solid support keeping stop loss of 70. Upward side it'll spurt up to 75.50.
MUNDRA PORT: (157.50) Sell considering 159 & 161 solid resistances keeping stop loss of 163. Downward side it'll fall down to 153 & 149.
SBI: (2317) Buy considering 2303 a solid support keeping stop loss of 2271. Upward side crossover above 2336 it'll rush up to 2355 initially. Crossover above 2355 it'll sustain on higher levels & shoot up to 2386 & 2441.
AXIS Bank: (1244) Buy considering 1239 a solid support keeping stop loss of 1225. Upward side it'll spurt up to 1264, 1276 & 1284, book profit on higher levels & go short keeping stop loss of 1288.
Downward side break below 1225 it'll fall down to 1208.
MRF & PTC: Buy.
HERO HONDA: (1835) Sell considering 1849 a solid resistance keeping stop loss of 1857. Downward side it'll fall down to 1809 & 1791.
GE SHIP: (292) Buy keeping stop loss of 285. Upward side it'll surge up to 301 & 307, book profit on higher levels.
APOLLO TYRES: (72) Buy considering 71 a solid support keeping stop loss of 70. Upward side it'll spurt up to 75.50.
MUNDRA PORT: (157.50) Sell considering 159 & 161 solid resistances keeping stop loss of 163. Downward side it'll fall down to 153 & 149.
SBI: (2317) Buy considering 2303 a solid support keeping stop loss of 2271. Upward side crossover above 2336 it'll rush up to 2355 initially. Crossover above 2355 it'll sustain on higher levels & shoot up to 2386 & 2441.
AXIS Bank: (1244) Buy considering 1239 a solid support keeping stop loss of 1225. Upward side it'll spurt up to 1264, 1276 & 1284, book profit on higher levels & go short keeping stop loss of 1288.
Downward side break below 1225 it'll fall down to 1208.
MRF & PTC: Buy.
As mentioned yesterday, Intraday Nifty almost achieved the target of 5465 which was given after Nifty had moved up sharply from 5328 to 5605 in last few days. Now Nifty has chance to touch 5450-5465 before staging any recovery. Nifty faces strong resistance at 5600-5625 which if cleared will take Nifty to 5775-5800. On the other hand, if Nifty fails to hold the support at 5450, it will be heading for lower targets of 5300 in coming days.
Intraday trading tips opened with a downward gap of 15-20 points since most of the US & Asian markets were trading in red. Intraday Nifty made an intra day low of 5509 & started its recovery with alternate bouts of buying & selling (higher bottoms & higher tops) & touched a high of 5570 before declining marginally to close at 5556, about 24 points above the previous close.
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