Sensex Technical View :
Sensex continues to remain in a range bound moves which traders may find boring . 18300-18500 gap giving near term resistance and a major upside would be seen only if it sustains 19000 levels. Till then be stock specific and trade for short term and wait for dips only to do investment buying. Its not neccessary to trade everyday and investors should continue to be ready with their resources as opportunities would come in next 2-4 weeks.
Stocks to watchout for :
Reliance Inds has resistance at 2650 zone and only sustaining above could touch 2730-2800 giving a good jump to indices.
GMR infra traders can look to buy above 176 with a 5 rs stop and tgt 180-190 .
K S Oils,Sun pharma Adv and GTL infra look good for medium term.
TECHNICAL ANALYSIS SESSION
MUMBAI FEB 23-24 .
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BEst Regards,
Nooresh
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