Quick Charts on a few large cap names near a major resistance.
Watching out for Metal Names and Sun Pharma looks a good risk reward
Nifty Metal Index – Crossing and sustaining 2100-2150 will be a breakout. One of the reasons to look at Metals is that lot of commodities have shown strong trends.
JSW Steel – 202-205 mark to watch for.
Tata Steel – 350 mark to watch for.
One may even look at Nalco,Sail, Jindal Steel, Hindalco
The Top Weights of the Pharma Index finally setting up for a large move.
Sun Pharma – Yet again at the 500-515 mark. Slowly volumes picking up.
Dr Reddys – At the 4150-4200.
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