There will be an early bullish recovery in 58,690 and 17,526-17,539

BSE Index: (58,350) Keeping a stop loss of 57,788 in debt will see a downside correction to 58,159-58,102. An initial correction will be seen above 58,690, which is a resistance level to consider. After crossing 58,690, further correction will be seen at 58,913. 57,788 will be breached to 57,401-57,360 and then a counter fall of […]
 


There will be an early bullish recovery in 58,690 and 17,526-17,539

BSE Index: (58,350) Keeping a stop loss of 57,788 in debt will see a downside correction to 58,159-58,102. An initial correction will be seen above 58,690, which is a resistance level to consider. After crossing 58,690, further correction will be seen at 58,913. 57,788 will be breached to 57,401-57,360 and then a counter fall of 57,264 and 57,162 will be observed.

Nifty August Futures: (17,420) 17,365-17,335 close and will see significant support at 17,267, keeping stoploss at 17,240 in debt. An initial correction above 17,526-17,539 will be seen, which is an important resistance level to consider. After crossing 17,539, further improvement of 17,610 will be seen. After the fall of 17,240 in the lower level, 17,132-17,115 and 17,062 will be seen.

Bank Nifty August Future: (38,050) 38,171 and 38,264 will see an early correction above 38,080. After crossing 38,264, 38,318 and then 38,550 and 38,638, further correction will be seen. The lows at 37,738 and 37,637 are key supports. After breaking 37,637, there will be a decline of 37,395 and 37,180.

Eicher Motors: (3,139) crossed 3,175 to see rapid improvement at 3,227, 3,264 and 3,323 after heavy refresh. The debt will see a decline in 3,070 and 3,041 with a stoploss of 3,025.

State Bank : (541) 535, will be reduced by keeping a stoploss of 531 in loans. 549/50 and 554 initial correction will be seen above. After crossing 554, further correction of 558 and 565 will be seen.

Bob: (121) 119-118 will be seen on the downside with a stop loss of 116 on the loan. Above 125 and 129 will see a sharp correction.

Canara Bank : (232) Keeping a stop loss of 224 in the loan, there will be a decrease of 229-227. 239, 241 and 245 will correct after crossing 234/50 above.

Federal Bank: (109) Loans will see a shortfall of 108 while keeping a stoploss of 106. A correction of 115/50-116/50 will be seen above.

HDFC: (2,367) will see a shortfall of 2,344 in the loan with a stoploss of 2,325. After crossing 2,378 above, there will be a correction to 2,403 and 2,421.

ICICI Bank : (825) 822 and 817 will decrease, keep 811 stoploss in loan. 831, 836 and 844 will be modified above.