Sensex bounces frm 14050 ::::::::::as said…
As we said before a little dip would be welcome back to 14050 levels which is still possible ....
Written on thursday
FOr now slow buying in very selective index based stocks can be done around 14080-14150 levels
written on friday
Sensex low 14046
Simple technical analysis ....Straight view .....These levels if maintained for next 2-3 sessions then as said we should try to hit the upper side of the channel in coming week s...So be selective in the choices....IT stocks are witnessing bottom buying and a good shifting opportunity to exit partly from IT to other better growth areas in short term ...IT yes looks good in a longer horizon short term i am not that bullish basically the reason is other sectors and stocks showing better growth opportunities.....I have always liked the midcap IT stocks like ROlta, GTL , Niit tech , Patni ....Hexaware has been the oddlot ...