Nifty Option Tips

Nifty March Future: (5314) 5347 a nearest resistance crossover above which it'll surge up to 5368 & 5383 initially which is a crucial resistance to watch out for. Crossover above 5383 it'll surge up further to 5411-5443 & maximum to 5475, sell on higher levels keeping stop loss of 5539.

Downward side 5251-5232 crucial supports. Break below 5232 it'll fall down further to 5179-5161 initially. Break below 5161 heavy fresh selling will drag it down further to 5126-5110-5083 & thereafter to 5047-5035 & 4926-4913.

Upward side a close above 5539 it'll turn positive & surge up to 5666.

Bank Nifty March Future: (10455) 10510 & 10655 nearest & 10807 a solid resistance up to which selling on higher levels will be seen, keep stop loss of 11100 to your shorts.

Downward side break below 10260 it'll fall down to 9983 initially. A close below 9983 it'll fall down heavily further to 9682 & 9189.
A close above 11100 it'll turn positive & surge up to 11674.

BHEL: (1975) Break below 1960 it'll fall down further to 1916 & 1844.

BPCL: (539) 529 a crucial support break below which it'll fall down to 503 & thereafter to 461.

HERO HONDA: (1500) 1525 & 1450 crucial trend deciders. Crossover above 1525 it'll spurt up to 1611 & 1666. Downward side a close below 1450 it'll fall down heavily to 1408, 1382 & thereafter to 1339.

HINDALCO: (201) Sell considering 203.50 & 209 solid resistances keeping stop loss of 216. Downward side it'll fall down to 175.

HDFC: (627) Sell considering 637 solid resistance keeping stop loss of 647. Expect 612, 600 & 581.

ITC: (156.50) Sell considering 160 & 164 solid resistances keeping stop loss of 168. Break below 150 it'll crash down to 135-133.

ICICI Bank: (988) Sell considering 1007 a solid resistance keeping stop loss of 1030. Downward side 966 a crucial support break below which it'll fall down to 943-940. Break below 940 it'll crash down to 903.

INFOSYS: (3008) Sell considering 3044 & 3080 solid resistance keeping stop loss of 3112 on a closing basis. Downward side it'll fall down to 2881 & 2840.

M&M: (595) Sell considering 620 & 629 solid resistance keeping stop loss of 654. Downward side it'll fall down to 557 & 519.

RENUKA: (71) Sell considering 73 a solid resistance keeping stop loss of 74.25. Downward side it'll fall down to 66.25 initially. A close below 66.25 it'll fall down heavily to 51. Upward side crossover above 74.25 it'll surge up to 77 & 79.25, sell again on higher levels keeping stop loss of 82.

RIL: (966) Sell considering 973 & 982-985 solid resistance keeping stop loss of 998. Downward side break below 954 it'll fall down to 946-937 initially. Break below 937 it'll crash down to 926, 910 & 882.

REL CAP: (453) Sell considering 361 & 368-374 solid resistances keeping stop loss of 384. Downward side 447-443 & 433 crucial supports. Break below 433 it'll fall down to 416 initially. Break below 416 it'll crash down to 408-405, 393-388 & 368.

REL INFRA: (638) Break below 617 it'll fall down heavily to 578, 554 & 515.