Sensex Technical View :
It was mentioned yesterday that the gap at 15350 should get filled in coming days . The gap is filled today and Sensex made a low around 15300 odd . Pullback shud face resistance at 16050 and 16450 and only above those levels could we see a better bounce. Strategy should be to trade the pullback rallies and investments be taken only cracks or dips with a view of medium term for limited upside.
Stocks which look good for an upside momentum :
Reliance Inds can touch 2430-2450 ,RPL 176
MTNL and Skumars Synthetics can see bounce from bottoms .
Lanco Infra above 415 can touch 450 .
High risk players can also look out for IOL broadband and TTML for bottom fishing
Another trade after some time sent to clients .
Buy RPL small qty at 158 stop of 154.8 tgt 163 . If crosses 164.5 buy for momentum 176 tgt.
Day traders can book part in RPL at 163 and raise stop to 158 and if crosses 163.5 next tgt 169-176.
RPL moving as expected book part if u have not. Raise stop to 159.8 next tgt 169-176.
TECHNICAL ANALYSIS SESSION
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