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Stock Tips Nifty Tips


BSE index: (17997) Sell on higher levels considering 18101 & 18161-18176 solid resistances keeping stop loss of 18270. Downward side it'll fall down to 17893-17876-17848 initially.
Break below 17848 it'll crash down to 17727 & 17625-17585.

Intraday Nifty Stock Tips MAY Future: (5385) Sell on higher levels considering 5408 & 5428 solid resistances keeping stop loss of 5440. Downward side it'll fall down to 5350 & 5335-5319 initially. Break below 5319 it'll crash down to 5277-5269.

AXIS Bank: (1184) Sell on higher levels considering 1201-1209 solid resistance keeping stop loss of 1221. Downward side it'll fall down to 1160, 1134 & 1093.

TATA MOTORS: (1127) Sell on higher levels considering 1143-1151 solid resistance keeping stop loss of 1158. Downward side it'll fall down to 1120 & 1101 initially. Break below 1101 it'll crash down to 1062.

APOLLO TYRES: (62.50) Sell on higher levels considering 64.75 a solid resistance keeping stop loss of 66. Downward side it'll fall down to 59 & thereafter to 55.50.

CAN Bank: (500) Sell on higher levels considering 508 & 512 solid resistance keeping stop loss of 522. Downward side it'll fall down to 493 & 481.

ICICI Bank: (1004) Sell on higher levels considering 1023 a solid resistance keeping stop loss of 1038. Downward side it'll fall down to 978 & 950.

SBI: (2245) Expect it to fall down to 2237 & 2204 initially, consider 2204 a crucial support where buying support not ruled out. In any worst scenario break below 2204 it'll crash down to 2168. Upward side 2290 & 2317 solid resistances.

KOTAK Bank: (406) Sell considering 408 & 411 solid resistances keeping stop loss of 416. Downward side it'll fall down to 398, 391.50 & 382.

BHEL: (1925) Break below 1918 it'll fall down to 1893 & 1852 initially. Break below 1852 it'll crash down to 1806. Upward side 1987 a solid resistance.

REL CAP: (496) Sell considering 499-503 solid resistance keeping stop loss of 507. Downward side it'll fall down to 484 & 477.

TECH MAH: (650) Sell on higher levels considering 657 & 663 solid resistance keeping stop loss of 675. Downward side break below 638 it'll fall down to 607.

Nifty Stock Tips (Close - 5386.55)
Nifty has slipped below 5400 levels. We are already in sell mode. Technically one can expect the levels of 5310 or below anytime. I must add that there are chances for Nifty to go near 5200 too. On higher side 5450 to 5500 will remains a tough resistance on any rise. 

AXIS BANK (Close - 1188.00)
Finally it has broken then most awaited 1200 marks and slipped lower. Now it has technical support at 1180. Once it breaks below 1180 then you can expect the levels like 1150 in just few days. I suggest to trade short with stop loss just above 1200. 

BHEL (Close - 1931.75)
After result this stock has also slipped. Do take a note that it has only strong technical support at 1900. If it breaks 1900 then we can expect some big sell off. Charting structure suggest that one can take short position near 1950 with stop loss of 1970 for a move towards 1900. 

SENSEX (Close - 17993.30)
Sensex closed below 18000 marks. Is it really unexpected? No, its not. Is it worse? No, as more fall has yet to come. On other hand, now its official that we are going to see Diesel price hike by this week itself. This will make some adverse impact on the market. 

Technically we have support at 17790 levels only, which is well 200 points away from current levels. On higher side it will have strong technical resistance at 18200+ levels. We have seen weakness in all key sectors, like, banking, auto or metal. There are many stocks, which are on threshold levels. 

Over all, view is that we are very close to another big sell off. I am advising not to buy stocks thinking that it is a safer level to buy. Just trade on weaker stocks. Do not forget that we are inching closer to derivative expiry. 

TATA MOTORS (Close - 1129.45)
Auto stocks are affected by the fear of further rate hike. Technical support for this stock will be at 1100 levels. Technically it is a short on rise with stop loss above 1142. In the lower side it has first support at 1111 and then 1100. If trades sustain below 1100 then we can expect very sharp sell off.
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