Be stock specific …. Caution is always good ! Be Alert.
Sensex Technical View :
As being mentioned before the gap at 15275 -15360. Also the trendline support comes around 15200.
Below that the rising wedge trendline comes around 14700-14800 levels.
So investors need to be cautious with what they are buying as stock specific upmoves from here on would be stock specific and selective. So do adequate research and keep booking profits. Above all i would suggest no fresh induction of capital.
Stocks to watchout for ;
Aptech stopped out,Gail gave a small move to 360 ( client recommendation at 343 booked at 360 also rcom from 274 to 294.) Moves will get selective
Guj Alkalies and Amar Raja Batteries stocks posted above with the view.
Fertilizer stocks Chamble,Nagarjuna Fert seeing speculative buying interest . Quick traders can keep a watch in coming weeks.
‘SENSEX – the next MULTIBAGGER’
…a technical view
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