Technical view by Nooresh

15950 hit but not crossed..

Sensex Technical View :
Sensex took a dip after hitting a high of 15953 which was the level of 15950 being discussed yest with the chart. So still Sensex has not been able to move out of the range convincingly. Currently the strategy should be to trade for short term with strict stoplosses and be alert to change with trend. With a truncated week ahead the risk for positional trades obviously increases in such volatile markets. On the lower side 15450 or below would mean testing the lows of 14700 but even that level needs to be broken convincingly .

stocks to watchout for :

Sun Pharma Advanced and Rohit ferro does 10% freeze cheers , Hind Oil does 142 , Paramount communications almost near to tgt of 35 frm 25 cool gains of 30-35 %in such mkts. RPL moves , HDIL abt to crack ...

GMR Infra short below 138 with stop of 142
DLF looks weak below 580 and can touch 530

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Nooresh 09819225396

Article by Nooresh Merani

Nooresh has written 2531 articles.

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