58,333 Most Important Resistance Surfaces and Trend Breakers

BSE Index: (58,136) Taking into account the resistance level of 58,333 after crossing which a fresh take from 58,690 and further correction to 58,915 is possible. There are important supports at 57,817 and 57,745-57,700 lows, place a stop loss of 57,700 on the line. A break of 57,700 will lead to a rebound from profitable […]
 


58,333 Most Important Resistance Surfaces and Trend Breakers

BSE Index: (58,136) Taking into account the resistance level of 58,333 after crossing which a fresh take from 58,690 and further correction to 58,915 is possible. There are important supports at 57,817 and 57,745-57,700 lows, place a stop loss of 57,700 on the line. A break of 57,700 will lead to a rebound from profitable selling at 57,384-57,360 and 57,263 and 57,161.

Nifty August Futures: (17,350) Keeping in mind the resistance level of 17,420, after crossing which further correction is possible to 17,531 and then to 17,600 and 17,710. 17,263 and 17,237 are key supports at low levels with debt maintaining stoplosses at 17,237. A break of 17,237 will result in a counter fall of 17,131-17,115 and 17,063.

Bank Nifty August Futures: (38,000) is trading near support at 37,852 with stoploss in debt at 37,665. An early correction of 38,264 and 38,318 will be seen above. After crossing 38,318, further correction of 38,550 and 38,638 will be seen. A break below 37,665 would see a counter-fall from profitable selling at 37,319 and 37,100.

Eicher Motors: Note the resistance levels of (3,120) 3,147 and 3,175. After crossing 3,175, fresh takes will lead to a sharp correction to 3,291 and 3,380. 3,092 is near the lower level and 3,025 is major support.

Maruti: (9,167) Keeping a stoploss of 8,985 in debt, there will be a decrease of 9,075. There will be a correction above 9,280, where profits will be.

CONCOR: (726) 717 and key support near 714 and 711 will turn lower, leaving a stoploss of 702 in the cave. An initial correction of 743 would be seen as a 734 cross above. After crossing 743, further improvement of 756 and 767 will be seen.

BEL : (282) Loans will see a shortfall of 277-276 with a stop loss of 273. 293 will see an initial correction after crossing 285/50 above. Crossing 293 will further improve 300.

Federal Bank: (110/80) will see a shortfall of 109-108 on loans with a stoploss of 106. Above 115/50-116/50 further correction will be seen.

State Bank : (542) 538 and 535 will be less, keep a stoploss of 531 in the loan. 549 and 554 will be modified above.