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29968-29943 a crucial support for SENSEX
Stock specific approach advisable
BSE index: (30030) 29968-29943 a crucial support. Break below 29943 it'll fall down to 29843 & 29766 on intraday basis. Upward side 30118 & 30185 crucial hurdles. Crossover above 30185 it'll surge up to 30255 & 30314-30328.
Nifty May Future: (9351) Keep stop loss of 9318 to your buys. Upward side 9377-9386 a crucial hurdle. Crossover above 9386 it'll surge up to 9414 & 9436. Downward side break below 9318 it'll fall down to 9286 & 9251 on intraday basis.
Bank Nifty May Future: (22280) Buy considering 22250 & 22168 solid supports keeping stop loss of 22106. Upward side now crossover above 22375 it'll spurt up further to 22443, 22568 & 22682. Downward side break below 22106 it'll fall down to 22002, 21901 & 21806 on intraday basis.
LUPIN: (1337) Sell considering 1358 a crucial resistance keeping stop loss of 1368. Downward side it'll fall down to 1318, 1299 & 1238.
AUROBINDO: (609) Sell considering 619 & 624 crucial resistances keeping stop loss of 630. Downward side it'll fall down to 598, 585 & 547.
REL CAP & RIL: Buying on lower levels will be seen.
CUMMINS: (1020) Buy. Expect 1054 & 1097.
L&T: (1763) Buy.
POWERGRID: (207) Buy keeping stop loss of 204. Upward side it'll spurt up to 216, 219.50 & 225.
TATA STEEL: (446) Selling on higher levels will be seen.
HEXAWARE: (230) Buy.
OBC: (162.50) Buy.
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stocks. I personally, my family, relatives & friends also may have
positions in above-mentioned stocks.
IMP DISCLAIMER: Above matter is technical analysis based on & conceived from charts, which are believed to be authentic over long long time. One should think of own risk first before implementing on above analysis. The author won't be liable or responsible for any legal or financial losses made by anybody.