9300-9500 range taken over,,,9900-10400 range next..
Sensex Technical View :
Finally Sensex saw a move beyond 9300 and a good positive close. The next levels to watch is 9900-10400 on upside. Only a sustained closing above 10500 would open up further chances of an extended rally to 11650-12500 which is far-fetched as of now. Continue to trade on long side with trailing stops and partial booking of profits in stock specific gains.
Stocks to watchout for :
Essar Oil , RPL look ripe for a sharp bounce in short term if continues to close above 78 levels. RNRL above 45 too could give a bounce.
Reliance Inds has given a breakout above 1190 and could tgt 1250/1320/1360 zones also in short term. Stop of 1150 on closing basis. ( as mentioned above 1190 is a buy it did 1230 today )
Hindalco needs to sustain 53.5-54 levels to give a sharp move to 59 +. Stop is 51.
SAIL gave a quick move to 80 above 72.5 and completed 10 % tgt . Reliance moved too. Hindalco on verge of breakout. ITC above 176 and RCAP above 476 could give quick moves too.
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Best Regards,
Nooresh
09819225396
noorrock2002@gmail.com meraninooresh@yahoo.com
http://nooreshtech.blogspot.com/
Finally Sensex saw a move beyond 9300 and a good positive close. The next levels to watch is 9900-10400 on upside. Only a sustained closing above 10500 would open up further chances of an extended rally to 11650-12500 which is far-fetched as of now. Continue to trade on long side with trailing stops and partial booking of profits in stock specific gains.
Stocks to watchout for :
Essar Oil , RPL look ripe for a sharp bounce in short term if continues to close above 78 levels. RNRL above 45 too could give a bounce.
Reliance Inds has given a breakout above 1190 and could tgt 1250/1320/1360 zones also in short term. Stop of 1150 on closing basis. ( as mentioned above 1190 is a buy it did 1230 today )
Hindalco needs to sustain 53.5-54 levels to give a sharp move to 59 +. Stop is 51.
SAIL gave a quick move to 80 above 72.5 and completed 10 % tgt . Reliance moved too. Hindalco on verge of breakout. ITC above 176 and RCAP above 476 could give quick moves too.
For some sms updates
http://labs.google.co.in/smschannels/subscribe/AnalyseIndia
Go to the link and subscribe to the channel. or
To subscribe using your phone, SMS 'ON AnalyseIndia' to 9870807070. Use the channel and pass it to others for quick free sms.
Best Regards,
Nooresh
09819225396
noorrock2002@gmail.com meraninooresh@yahoo.com
http://nooreshtech.blogspot.com/
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