Nothing much has changed on the index yet .... So view remains same. Sensex 16200-16300 and 16500/17200 on upside remains the level to watchout for.
On downside 15800/15350 are important support levels
For more details please read archives ....Have been very detailed !!! on Sensex.
Stocks to watchout for :
HDFC stopped out .... Would be difficult to give trading calls on the blog as many would be decided in the day ( is done for cllients ) ....
DIVIS LABS ....
Short to medium term investors can accumulate on declines with a view of 1-3-6 mths only. The stock may not necessarily perform in near term. Can be a defensive pick.
PUNTERcALLS : Not a buy call from me .... Take your own call
MRO TEK to hit 20% freeze any time in next week
PNB GILTS and Mudra Lifestyle big moves in next 1-2 weeks.
ONGC and Reliance Group may take Nifty to 5000
As people might be knowing that we have been conducting a seminar on Sensex long term view. Reason is we are again at a cusp of major long term change in next 6-12 mths.
JUST GO THROUGH THIS PRESENTATIoN GIVEN IN SEPT 2005 about the start of a big BULL MARKET in India. Sensex was at 8k then. Presentation was titled Post 8000 BOOM or Doom...
We would soon be putting up a video of the Mumbai seminar or keep a webinar for the same in Sept/Oct if possible.
Good Links to read
‘SENSEX – the next MULTIBAGGER’
…a technical view
followed by Lunch
AMA - Ahmedabad Management Association Asif : 09833666151
ATIRA Campus, Vastrapur, Ahmedabad -15. Nooresh: 09819225396
Date: Sunday, September 13, 2009 firstname.lastname@example.org
Time: 10:30 a.m. Fees: Rs.500 only For more details call Asif : 0983366151 Nooresh 09819225396 ( after mkt hours )