Technical view by Nooresh

The range of 16k-16.6k ( 4770-4950) remains !!

Sensex Technical View :

The index gave a smart bounce today but still not able to close above the 16600 and 4950 levels. Only on couple of close above 16.6k we can see a move to 17000 -17300 zone where one should again take a review of the stock portfolio.
On the downside expect support around 16200 and 4850-4870 range.
Stocks to watchout for :
Castrol and Torrent Pharma can give good moves. Buy with stop of 625 and 424. Possible tgts of 5-15% in near term.
Indsil Electro and Karuturi could be good bets for long term on dips of 10 % frm cmp.


…a technical view

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Article by Nooresh Merani

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