IFCI has broken out above 65 and should take a short towards 72-80 levels in coming days.... Traders can go for momentum trades.
Sensex Technical View :
Still the channel continues to be followed and we saw a recovery from lower levels much before the channel and only way could we see a major move up in index only above 17500 !! ... Till then traders continue to be stock specific .. 16800 and 17500 are levels to watchout for .
TEA STOckS which were being continously mentioned for last 3 weeks and was stated a turnaround will be seen and expect 20-30% upmove ....Do check the link below
harr Malayalam 85 to 122 !!!!!!!!!!!! Mcleod 96 to 118 ... We track the liquid ones but all others frm warren tea to jayashree tea zoomed .
Mcleod and Assam co chart shown in the link below .....Assam co 27 to 40 , Mcleod 105 to 118 ..
Stocks to watchout for :
Guj Nre coke looks good for short term buy on dips to 155-159 stop of 148 tgt 175 . Volatile stock !
Orbit corp has given a breakout and sustaining above 565-575 should tgt 595-640 +.
Hind Oil exploration if sustains above 158-160 can go upto 175 on ... ( exploration stock so crude rise beneficiary but open offer at 144 i believe so wait and watch )
REALTY stocks seem to have bottomed out and if indices remain stable can expect a good bounce of 10-15 % or more in these stocks. Investors and traders can buy on dips for bounceback ...
DLF support /stop at 605-610 , Indbull real 505-510 support/stop , Orbit corp momentum , Unitech 268-270 support /stop ... will put up charts if i get time later in the week ...
TECHNICAL ANALYSIS SESSION :
The technical analysis session we conduct is for people who are interested in understanding the process of analyzing technicals in a simple , quick and efficient manner and would like to get independent in analyzing and deciding for themselves throughout in the future.
MUMBAI May 31- 1 June
Interested people can call me at 919819225396 after market hours for queries and confirmations or mail to firstname.lastname@example.org