Technical view by Nooresh

Downside tgt of 8900 is done…Wait for reversal signs.

Sensex Technical View :
The downward drift continues in Sensex slowly and has reached a touch below 8900. So continue to watch for a closing above 9500 or 8500 which will give some trading direction to the markets. The view remains the same as in last few days.

Stocks to watchout for :

Bharti Airtel .... if sustains below 610 shud tgt 575 on lower side. Traders keep a stop of 624 after initiation.

CAIRN India .. Below 128 could see 118 and above 141 can touch 155. Go as per trend.

HDFC Ltd and HDFC Bank are the heavyweights which may now become pivotals for markets. HDFC Bank is making a very risky pattern if it breaks 850 levels on closing basis. HDFC ltd seems could drift to 1300 zones also.

Best Regards,



Article by Nooresh Merani

Nooresh has written 2532 articles.

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