Index doing Nothing …. Stocks are Rocking.
Sensex Technical View ;
Sensex has been a very small range for last 3-4 sessions indicating a pause before it decides its next move. On the upside there are exact tops at 15463 and on bottom side 15220-15240 for last 2 sessions.
15150/14750 are support levels below which i would get cautious on the index. A move beyond 15600 would take us to 16050.
Simple strategy is be stock specific and STRICT with stoplosses. If hit be ready to get to CASH position simple
Stocks to watchout for :
Nagarconst , Alstom charts posted
Unitech 80 to 98 rocked !! , Welspun 205/211 to 230 !! , NTPC 220 ! .. .......... Many more trades in our advisory service though
Neyvyeli stop 130. Compact 59-60.Henkel hold. Madras only on sustained closing. Renuka crosses and shoots up ( Renuka at 120 and Balrampur at 90 recommended to clients )
I-Flex buy with a stop of 1345 for a tgt of 1480-1550 only for quick and lion hearted traders. Nice lil breakout on charts.
Astra Zeneca Pharma and Abbott are 2 pharma stocks which are illiquid but seeing more volumes but difficult to trade so just a watch.
Sterlite Inds if able to cross and stay above 672 can touch 695-710 in short term. Quick traders can keep a watch.
Nitin Fire and Mahindra Lifespaces is what traders can watch for volume increase or breakout.
Analyse India is pleased to present a seminar on ‘SENSEX – the next MULTIBAGGER’ …a technical view. Also get an opportunity to learn a few tricks of the trade.
Hotel Karl Residency
Lalubhai Park, Andheri – w, Mumbai – 58.
Date: Sunday, August 09, 2009
Time: 6:30 p.m.
Fees: Rs.500 only
Limited Seats, registrations on first come, first served basis.
For registration/payment mail to firstname.lastname@example.org
Nooresh 09819225396 ( after mkt hours only )