Sensex Technical View :
Sensex the upper channel resistance comes at 17900-18200 band. In the short term very strong support at 17300.
So till we dont go to either of the range difficult to take a short term trade on index. Continue to be stock specific. Gut feel suggests that midcaps may finally start zooming in April with fresh money allocations.
SAIL seems set for a move to 260 + . Recommended today at 248. Now stop revised to cost.
Ashok Leyland seems to be headed for a breakout.
Regards
Nooresh
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{ 7 comments… read them below or add one }
sir,
Your blog is very usefull to small investers like me. I request you to suggest me few stocks to buy for a long term view ( stocks for more than five years )
Hi Siva,
I am not a long term visionary beyond a couple of years. You can look towards IDFC, Fortis, Max India
Could you please suggest me some stocks to buy for medium term (3 to 6 months)?
Thanks in advance
Sail broke down to 229 do you still feel it will cross 260+ in coming days ?
Seems difficult now.
Hi,
Can you comment on resugere mines, as i am got stuck in it.
If you r not traking it, still what one should do here.
Hemang
Hi,
Any rise to 80/95 should be used to reduce exposure.
Regards,
Nooresh