10700 holds up yet again.
Charts for Power Grid and Cipla
Sensex Technical View :
Yet
again Sensex holds above 10700 and stages a pullback rally in the day.
Such moves may not have been very beneficial to long traders but lot
many intra-shorts being trapped.
For a lil
more detailed view check yesterdays post. For now its simple
10650-10700 on downside and 11300 on upside is the range if its breaks
out then expect 500-600 point move on either side.
Stocks to watchout for :
Remain bullish on power grid (chart posted above ), ICICI Bank drops to 400, Spicejet bullish
HDFC Bank
The
only heavy banking stock which dint take a hit today. The current range
is 1040-1120. A break above 1120 would give a quick move to 1160-1210.
Bharti Airtel :
The stock is moving out of the downward channel Can be bought around 710 levels with a stop of 690 tgt 740-755 in short term.
Small
caps for next few sessions which can see some moves. Keep a strict stop
of 5%.Mind it its risky with such stocks as volatility is high!Do ur
own research.
Grauer and Weil
Hanung Toys
Philips Carbon
RETURNS OF 12% in trading calls for March 2009
TECHNICAL
ANALYSIS TRAINING SESSIONS planned for Bangalore , Hyderabad, Mumbai in
next few months. Conducted for a small group of 6-10 people.
Interested people mail to noorrock2002@gmail.com so we can schedule for
the cities accordingly.
May 9-10 tentatively scheduled for Mumbai.
Best Regards,
Nooresh
09819225396
noorrock2002@gmail.com , meraninooresh@yahoo.com
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