Sensex Technical View :
Sensex is maintaining the range between 17200-17300 and 18300-18500 on upper and lower sides and we will continue see small stock specific moves .. So continue to stay calm and wait for next 2-3 weeks which will give a good direction .
Stocks to watchout for :
SAIL looks good for 248 levvels can buy on dips .
Ranbaxy keep a watch if breaks above 435 till then nuthin doin .
Banks have seen some goodd selling on back of Plr rate cuts which might affect margins but a good correction should be seen as an opportunity to buy for long term . Would prefer SBI , PNB etc
Infosys as was mentioned above 1600 is good does 1640 and still some more to come keep trailing …
Messages Sent yest n today
buy GMR infra for btst at 174.5 stop of 170 tgt 182 -187
( was trading at 172 that time )
Keep a strict stop of 169 for GMR infra.
Book partial profits in GMR at 181-182 raise stop to 176 next tgt 188.
Infosys looks good above 1600-1605 can buy on dips around 1570 stop of 154 tgt 1660-1720.
( was trading at 1595 did 1640 by end of day )
MUMBAI FEB 23-24 .
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