Sensex Technical View :
Sensex seems to be taking support around the range of 16500-16600. The view remains as before the trend remains very positive till 16200 holds up on weekly closing basis.
If Index holds up above these levels for the next 2 weeks a move to 17.5k again cannot be ruled out.
But its time to be stock specific till we dont see a clear picture in coming days.
Stock Specific Technical View :
After quite some time a technical view on large cap stocks – The leaders SBI and Reliance which i expect could lead any upmove or downmove from here.
The charts would clear out the view.
SENSEX the next MULTIBAGGER …. a technical view ….
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SBI :
Multiple bottoms in the zone of 2060-2120.
Trendline support comes closer to 2095 zone. Holding these levels could give a smart bounce.
Only a break below 2060 would weaken the current trend. :
RELIANCE INDS :Trendline support in the zone of 990-980. Holding on to this would signify strength.
Only a move below 960 on closing basis would lead to weakness.
LOK Housing : Another high risk high return stock for next 2-4 mths. Earlier discussed many times. For the record advised to clients at 39/32 with long term view but small exposure.
Seems a fresh breakout could happen over 46 to take it higher.
Deccan Chronicle :
Good for short term on breakout… Traders keep a watch.
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Best Regards,
Nooresh
09819225396
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{ 2 comments… read them below or add one }
hello nooresh,
whatis happening on the chart of ansal buildwell. it is looking like a possible breakout. your view.
Hi,
Wait for a few days to confirm on it