The Sensex is still facing resistances at higher levels but i dont see any breakouts on short side in the heavies except HLL ( 61.8% at 20 levels trendline and support of 215 level) and ITC ..
Apart from that other heavies like icici , reliance , ongc are nicely placed IT may see a lil correction but results arnd the corner so watchout ….
I would advise to stay away from indices, momentum above 14100 only …
Gail is another positional pick for a target of 300++ intraday stoploss at 270 target 282 … After a quick buck look to add some more on declines or buy n hold for a target of 285 and 300 ++…
Ongc and Mtnl also looking good …
Stocks to watchout for good A1 grp stocks which can also move in thje day :
1) Adani Enterprises … above 240 close or sustains 250 expect another roucn of circuits non stop ….
2) Ingersoll Rand … looks set for 440 levels once stays above 380 levels … good for intraday too…
3) Castrol above 230 make a quick buck for 245 tgt then we will see how it shapes up
Circuit Hitters
( This seems to be the most interesting for my readers … high risk higher returns )
Yesterdays picks Premier tyres and Mold teck info ( IT ROCKS)
Both hit upper freeze …. Also i had recommended premier tyres a month back at 40 levels …Now 80 still good…
Mold tek , reliance capital finds all small gems and runs them .to higher levels .. Texmaco also rel cap product ,…..
Northgate hits one more…
Hold the above too if u have will see some more gains …
Ciruits for sure
1) PSI DATA SYSTEMS ….
2) Lakshmi mills…
Everybody must have seen Teledata informatics, i had in btwn mentioned i like all IT even a dud like teledata …
Similar one side up stocks which i feel also deserve to run fundamentally …
Trigyn Technologies ( somebody told me its operations in Us going gr8 IT ROCKS )
Tudor India … not in IT but technically good one side movement to continue
Regards,
Nooresh
9819225396
nooreshm@hexaware.com
noorrock2002@yahoo.com ( not online in the day )
