Sensex Technical View :
Sensex has seen some resistance around the upper trendline area around 16200-16300. Will the resistance break ( Probably yes ). The move can take it to 16500/17200 band also.
Support for short term at 15800/15350 which are deciders for short term traders.
Stocks to watchout for :
Amar Raja posted some days bback gave a trading move.
Hindalco and Reliance Infra rocked in the day. Spicejet wait for sustaining above 28.2
Reliance Inds
The stock has multiple resistances at 2080-2100 which if crossed and stays for 1-2 sessions then can lead the index to higher levels. Traders can keep a watch.
HDFC Ltd
Needs to stay above 2560 to lead a quick move of 100 rs. Another index heavy which can create a major move.
Day call buy Sintex around 244-246 stop of 240 tgt 254.
Moser Baer if stays above 95 can give a good move.
Mukand Engineers,Andor Fontech and Gemini Communications look interesting as small cap investments with small exposure.
SENSEX ...... the BIG TRAPS
An interesting read ..............Read and pass it
‘SENSEX – the next MULTIBAGGER’
…a technical view
followed by Lunch
Venue: Registration:
AMA - Ahmedabad Management Association Asif : 09833666151
ATIRA Campus, Vastrapur, Ahmedabad -15. Nooresh: 09819225396
Date: Sunday, September 13, 2009 analyseindia@gmail.com
Time: 10:30 a.m. Fees: Rs.500 only For more details call Asif : 0983366151 Nooresh 09819225396 ( after mkt hours )
Nooresh Merani - An IT engineer by qualification and Advisor/Trainer by profession.