MTECHTIPS Nifty July Future Today Closed At 8604 With Loss Of 44
Points. In Intraday Nifty Fut Hit High Around 8667 While Low Was
At 8580. Total 90 Points Intraday Range And Closed With Loss On
Profit Booking. 3.5% Cut In Open Interest Suggest Profit Booking
Pressure On Market. On Option Side, 8700 Call Option Writing
Seen Which Will Be Strong Resistance For Aug Series. For
Tomorrow 8500 And 8470 Are Support Zones As Well As Target
Levels For This Corrective Move.(8604) Buy SL 8577. UP it'll
spurt up to 8640-8650 & thereafter to 8681, 8699 & 8720-8740.
Down break below 8577 it'll turn weak & fall down to 8527 &
8494, SL8487 to your overall buys.
MTECHTIPS Banknifty July Future Today Closed At 18895 With Loss
Of 162 Points. In Intraday Banknifty Hit High Around 19144 While
Low Was At 18882. Total 300 Points Intraday Range And Closed
With Loss. No Significant Action Seen In Open Interest But On
Option Side 19500 Call Option Writing Continues. On Downside
There Are Multiple Support Zones At 18735-18655 And Then 18580.
Banknifty Might Test Them. Banknifty Below 18750 Might Enter In
Downcycle.(18906) 18852 a nearest support break below which
it'll fall down to 18722-18705, buy on lower levels SL 18661. In
worst scenario break below 18661 it'll crash down to 18561 &
18382. UP 19052 & 19148 crucial resistances. Crossover above
19148 heavy short covering will take it up to 19325 & 19436.
(28371) Buy SL 28308. UP it'll rush up to 28505 & thereafter to
28609-28640 initially. Crossover above 28640 it'll sustain on
higher levels & flare up to 28741 & 28850. Down break below
28308 it'll fall down to 28206 & 28152 on intraday basis,
SL28070 to your overall buys.