Can we have a conclusive move below 8800 or above 9300
The
index seems to be taking a breather or stalling around the 9100 band.
The recent low around 8800 could be a level to watch on downside for a
small confirmation or a move beyond 9300 to give a momentum.
On
the time analysis front we are in the last few sessions as March end
period is nearing. We may re-look into that front after April 2nd week
giving a leeway of a week or two.
So continue to remain cautious and wait for a confirmatory moves on either side.
The
sideways move for the last few days might have tricked a few stops if
one is not a quick trader as the moves have been in side midcap stocks.
So wait for a fresh confirmatory move to increase trading volumes.
Stocks to watchout :
Cairn
now one can look to book profits fully ,TVS motors 20 stop , Havells
does 135 +, Gmr infra crosses 85 this time and may touch 90 in short
term. India cements dips below 94 and looks weak for more if sustains
below. GNFC hold.
Dabur
Seems a buy above 95.5 for a small tgt of 99-101.
Small cap stocks which do need a look up on fundamentals
Elecon
Engg ,Emco Ltd , Easun Reyrolle, Kirloskar Brothers , Kirloskar
Electric , PSL ltd , Himadri Chemicals seem interesting on a first look
.Although options are many listed a few.
Readers
if tracking these stocks or have some good reports or study on the same
mail to noorrock2002@gmail.com . As we need to start looking into value
picks for long term as options are many so need to keep shortlisting.
TECHNICAL ANALYSIS SESSION MUMBAI --- MARCH 28-29
Interested people can call - 0981922539 Nooresh for more details. ( aftr mkt hours ).
Best Regards,
Nooresh
noorrock2002@gmail.com
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