Sensex Technical View: Same as yest
Sensex has given a good move above 19400 levels and 19800-20k levels would be seen soon and crossing that in coming few weeks would decide the year end .... Reliance Inds needs to sustain above 2930-2950 zone to take sensex to 20k levels if it has to ....COnsolidation above 19400 would be good for the health ..
Message Sent to clients yest :
SAIL is a buy above 273 . Watchout for crossover in coming days .Investors can look to buy on declines around 258-261 . Traders can keep it on the ticker
SAIL about to breakout can buy now for short term .. tgt 320
SAIL traders can book 25\% of holding and forget the rest for 2 weeks at 282 +
Does a high of 287 ...some more moves left
Core Projects reco at 190-205 levels does 370 almost in less then 2 mths .... much more to come...
Intraday picks Adhunik ckt , NCL rocks 15% , Decolight flops.... JK lakshmi and J L morisson still good... Bata picks up , Kaveri Seed jumps .. Nitin fire does 528 frm 432 in 2 days
Stocks to watchout for
Tata Chemicals as was stated before as a long term stock with a tgt of minimum 400 + ... Hold and add on declines ... JSW steel does 1090 hold , Hinduja does 625 hold , R systems does 104 frm 96 hold , D S Kulkarni does 345 book part at 360 -380
Positional short term Picks : TISCO stop of 949 , SRF 156 stop .....
Intra Day ckt hitters or traders picks for 5-15%
Motor N gen FInance , Zuari Inds , SB N T ,Freshtrop fruits.......................Be quick to book profits and cut also
Investment Pick with moderate risk : WEBEL SL ENERGY SYSTEMS .......Only for patient players ..Produces Solar cells... More details later..
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