Maruti – Time for a dip it seems. Sharp traders can look for shorts on rise.
Reliance Inds : 1040-1055 remains a strong resistance band which if broken will take it to 1100-1120 giving a big push to the index.
Bank of India :
After lot many hits at 470-475 the stock has finally broken out and may head to 500 in short term.
Kesoram inds : NICE VOLUMES build up suggests a possibility of a breakout above 208 which can give sharp 5-10% jump.
Sensex to face resistance at 19400 which has been our target price and a stoploss for shorts above 19600.
Stocks to watchout for :
If markets remain stable there could be sharp jump in midcap banks like uco , idbi, dena, dhanbank and dcb as the bigger banks have done their move.
Century enka, tata elexsi, gulf oil seem interesting bounce back candidates in the next 1-2 weeks.
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