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    MTECHTIPS EQUITY INDEX HULCHAL MTECHTIPS:-NIFTY Nifty gave a flat opening taking cues from the world markets, the indices witnessed a range bound trading session, as the index traded in a small range with negative bias. The markets gained in the final hours to close the day with small losses around the 5400 levels, indicating strength at lower levels.Nifty has held 5400 for 2nd day and now if 5370 held on sustainable basis Nifty can target 5480 & 5540 in time to come.Today Nifty holding 5390 then 5450 & 5480 on higher side is possible, while on negative side if Nifty goes below 5390 then selling pressure where 5350 & 5320 on lower side becomes possible. The outlook remains positive with strong resistance seen around the 5450 mark, intraday. And some profit booking at higher levels is not ruled out. MTECHTIPS:-SENSEX The SENSEX gave a negative opening taking cues from the world markets, and the index traded with negative bias, throughout the trading session. The market witnessed some buying in the final hours, as the index gained from intraday lows to close with small losses.Sensex has made higher high compared with previous day for 6day in succession and closed down on profit booking. Today if 17780 is held on lower side then 17900 becomes important resistance level and if crossed then Sensex can target 18100 & 18250 very soon. Sensex sustaining 17700 is important for higher levels like 18250. Sensex has its 200DMA at 16902, 100DMA at 16997 and 50DMA at 17229. MTECHTIPS:-BANK NIFTY The Bank nifty witnessed a sideways trading session, as the index consolidated around the 10500 levels. The index failed to hold on to the early gains and closed the session flat with small losses. The Banknifty has immediate resistance above the 10600 levels in coming sessions. The banking stocks have seen consolidation around 10300-10600 levels in last few sessions. The Bank nifty in coming days may take some support at lower levels around 10400-10200. If the Index slips further we may soon witness further downside in the Bank index. Any dip below the levels of 10350 will be a negative signal for the index and we may soon re-test the supports of 10200.The outlook has turned positive and in coming sessions, if the banking index manages to hold on to the levels of 10600 we may soon test the resistance of 10800. The bank index will face strong resistance at higher levels above 10800 in coming sessions. Holding above will open up 11000+ levels. MTECHTIPS:-CNX IT The Technology index witnessed a session of positive trading, and the technology index consolidated around the 6100 levels, we expect the index to face stiff resistance around the 6160 levels in coming sessions. The levels around 6000 will act as strong support zones for the index, and if these levels are broken we may soon witness the index testing 5900 levels also. The CNXIT if manages to break out and sustain above the 6160 levels we may witness some pull back testing the levels of 6300 in coming days, but stiff resistance is seen at current levels. And the outlook remains range bound for the day.

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    MTECHTIPS EQUITY INDEX HULCHAL MTECHTIPS:-NIFTY Nifty gave a flat opening taking cues from the world markets, the indices witnessed a range bound trading session, as the index traded in a small range with negative bias. The markets gained in the final hours to close the day with small losses around the 5400 levels, indicating strength at lower levels.Nifty has held 5400 for 2nd day and now if 5370 held on sustainable basis Nifty can target 5480 & 5540 in time to come.Today Nifty holding 5390 then 5450 & 5480 on higher side is possible, while on negative side if Nifty goes below 5390 then selling pressure where 5350 & 5320 on lower side becomes possible. The outlook remains positive with strong resistance seen around the 5450 mark, intraday. And some profit booking at higher levels is not ruled out. MTECHTIPS:-SENSEX The SENSEX gave a negative opening taking cues from the world markets, and the index traded with negative bias, throughout the trading session. The market witnessed some buying in the final hours, as the index gained from intraday lows to close with small losses.Sensex has made higher high compared with previous day for 6day in succession and closed down on profit booking. Today if 17780 is held on lower side then 17900 becomes important resistance level and if crossed then Sensex can target 18100 & 18250 very soon. Sensex sustaining 17700 is important for higher levels like 18250. Sensex has its 200DMA at 16902, 100DMA at 16997 and 50DMA at 17229. MTECHTIPS:-BANK NIFTY The Bank nifty witnessed a sideways trading session, as the index consolidated around the 10500 levels. The index failed to hold on to the early gains and closed the session flat with small losses. The Banknifty has immediate resistance above the 10600 levels in coming sessions. The banking stocks have seen consolidation around 10300-10600 levels in last few sessions. The Bank nifty in coming days may take some support at lower levels around 10400-10200. If the Index slips further we may soon witness further downside in the Bank index. Any dip below the levels of 10350 will be a negative signal for the index and we may soon re-test the supports of 10200.The outlook has turned positive and in coming sessions, if the banking index manages to hold on to the levels of 10600 we may soon test the resistance of 10800. The bank index will face strong resistance at higher levels above 10800 in coming sessions. Holding above will open up 11000+ levels. MTECHTIPS:-CNX IT The Technology index witnessed a session of positive trading, and the technology index consolidated around the 6100 levels, we expect the index to face stiff resistance around the 6160 levels in coming sessions. The levels around 6000 will act as strong support zones for the index, and if these levels are broken we may soon witness the index testing 5900 levels also. The CNXIT if manages to break out and sustain above the 6160 levels we may witness some pull back testing the levels of 6300 in coming days, but stiff resistance is seen at current levels. And the outlook remains range bound for the day.

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    Mtechtips Equity Index Hulchal

    Uploaded by

    MtechTips
    MTECHTIPS EQUITY INDEX HULCHAL MTECHTIPS:-NIFTY Nifty gave a flat opening taking cues from the world markets, the indices witnessed a range bound trading session, as the index traded in a small range with negative bias. The markets gained in the final hours to close the day with small losses around the 5400 levels, indicating strength at lower levels.Nifty has held 5400 for 2nd day and now if 5370 held on sustainable basis Nifty can target 5480 & 5540 in time to come.Today Nifty holding 5390 then 5450 & 5480 on higher side is possible, while on negative side if Nifty goes below 5390 then selling pressure where 5350 & 5320 on lower side becomes possible. The outlook remains positive with strong resistance seen around the 5450 mark, intraday. And some profit booking at higher levels is not ruled out. MTECHTIPS:-SENSEX The SENSEX gave a negative opening taking cues from the world markets, and the index traded with negative bias, throughout the trading session. The market witnessed some buying in the final hours, as the index gained from intraday lows to close with small losses.Sensex has made higher high compared with previous day for 6day in succession and closed down on profit booking. Today if 17780 is held on lower side then 17900 becomes important resistance level and if crossed then Sensex can target 18100 & 18250 very soon. Sensex sustaining 17700 is important for higher levels like 18250. Sensex has its 200DMA at 16902, 100DMA at 16997 and 50DMA at 17229. MTECHTIPS:-BANK NIFTY The Bank nifty witnessed a sideways trading session, as the index consolidated around the 10500 levels. The index failed to hold on to the early gains and closed the session flat with small losses. The Banknifty has immediate resistance above the 10600 levels in coming sessions. The banking stocks have seen consolidation around 10300-10600 levels in last few sessions. The Bank nifty in coming days may take some support at lower levels around 10400-10200. If the Index slips further we may soon witness further downside in the Bank index. Any dip below the levels of 10350 will be a negative signal for the index and we may soon re-test the supports of 10200.The outlook has turned positive and in coming sessions, if the banking index manages to hold on to the levels of 10600 we may soon test the resistance of 10800. The bank index will face strong resistance at higher levels above 10800 in coming sessions. Holding above will open up 11000+ levels. MTECHTIPS:-CNX IT The Technology index witnessed a session of positive trading, and the technology index consolidated around the 6100 levels, we expect the index to face stiff resistance around the 6160 levels in coming sessions. The levels around 6000 will act as strong support zones for the index, and if these levels are broken we may soon witness the index testing 5900 levels also. The CNXIT if manages to break out and sustain above the 6160 levels we may witness some pull back testing the levels of 6300 in coming days, but stiff resistance is seen at current levels. And the outlook remains range bound for the day.

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    MTECHTIPS EQUITY INDEX HULCHAL

    MTECHTIPS:-NIFTY
    Nifty gave a flat opening taking cues from the world markets, the indices witnessed a range bound trading session, as the index traded in a small range with negative bias. The markets gained in the final hours to close the day with small losses around the 5400 levels, indicating strength at lower levels.Nifty has held 5400 for 2nd day and now if 5370 held on sustainable basis Nifty can target 5480 & 5540 in time to come.Today Nifty holding 5390 then 5450 & 5480 on higher side is possible, while on negative side if Nifty goes below 5390 then selling pressure where 5350 & 5320 on lower side becomes possible. The outlook remains positive with strong resistance seen around the 5450 mark, intraday. And some profit booking at higher levels is not ruled out.

    MTECHTIPS:-SENSEX
    The SENSEX gave a negative opening taking cues from the world markets, and the index traded with negative bias, throughout the trading session. The market witnessed some buying in the final hours, as the index gained from intraday lows to close with small losses.Sensex has made higher high compared with previous day for 6day in succession and closed down on profit booking. Today if 17780 is held on lower side then 17900 becomes important resistance level and if crossed then Sensex can target 18100 & 18250 very soon. Sensex sustaining 17700 is important for higher levels like 18250. Sensex has its 200DMA at 16902, 100DMA at 16997 and 50DMA at 17229.

    MTECHTIPS:-BANK NIFTY
    The Bank nifty witnessed a sideways trading session, as the index consolidated around the 10500 levels. The index failed to hold on to the early gains and closed the session flat with small losses. The Banknifty has immediate resistance above the 10600 levels in coming sessions. The banking stocks have seen consolidation around 10300-10600 levels in last few sessions. The Bank nifty in coming days may take some support at lower levels around 1040010200. If the Index slips further we may soon witness further downside in the Bank index. Any dip below the levels of 10350 will be a negative signal for the index and we may soon re-test the supports of 10200.The outlook has turned positive and in coming sessions, if the banking index manages to hold on to the levels of 10600 we may soon test the resistance of 10800. The bank index will face strong resistance at higher levels above 10800 in coming sessions. Holding above will open up 11000+ levels.

    MTECHTIPS:-CNX IT
    The Technology index witnessed a session of positive trading, and the technology index consolidated around the 6100 levels, we expect the index to face stiff resistance around the 6160 levels in coming sessions. The levels around 6000 will act as strong support zones for the index, and if these levels are broken we may soon witness the index testing 5900 levels also. The CNXIT if manages to break out and sustain above the 6160 levels we may witness some pull back testing the levels of 6300 in coming days, but stiff resistance is seen at current levels. And the outlook remains range bound for the day.

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