Sensex Technical View:
The last time we fell to 17800 had a view to buy selectively.
Recently at 17500-17300 we mentioned the view to be on the buying side as markets were highly oversold and sharp Check Link here
All the stocks mentioned have performed well apart from BOC India which is at the same price. First Leasing gave a 20% jump being a defensive
Also later we mentioned some of the trading bets - http://www.nooreshtech.co.in/2011/06/some-technical-charts-bajaj-auto-hdfc-bank-lic-housing-larsen-and-toubro-and-yes-bank.html
Lnt, Hdfc Bank , Lic Housing, Yes Bank and Bajaj Auto which gave good 5% pop up trades.
Recently we had put a post on our Strong Technical Picks recommended to clients
Colgate 920 to 1000
VSt Inds 945 to 1030
Godrej Inds 205-207 to 214
Pidilite Inds 165 to 168
All the stocks have been performing superbly.Book profits on colgate and VST Inds partial on Godrej. Pidilite and Godrej Inds continue to look good for short to medium term.
Investors should continue to look for midcaps/smallcaps over the next few months as this is a good time to look for investment picks. Some of the stocks in radar like VST inds, Godfrey Philips did not give time to accumulate enough.
TechnoFab Engg, Tecpro systems , Smartlink, Sterlite Tech, Garware Wall rope , Gillete India, Glaxo pharma look interesting. Views invited from the readers.