Markets may remian sideways and would be under pressure on rise ...The time is to be stock specific and move with stock specific trend in the current sideways movements...12300 and 13300 will decide the future in coming weeks...Crude should cool down after giving a good breakout on tech charts but has always cooled down or falls down after small gain after breakout...
Some points to ponder :
Sugars :
i had been writing about a pullback rally in sugars about last week or so ...But one thing fishy is only FNO and highly traded sugars have gained is it speculative built u ??? or something happening !!!
Banks :
Even after a crr hike the banking stocks have not been able to break below the previous panic levels...The rally in banking before crr hike was to neutralize the effect ??? or to distribute the stocks ???
OIL country and saksoft our on going calls going good hitting new highs !!!!! keep holding them for easy , safe and super returns ...
Stocks to look forward to :
Syngenta after this breakout every decline should be used for investment and short to medium term longs...
CESC this is rocking on the charts and maybe something out of the box may come to power it up ....
Nalco keep an eye on 237 levels annd volumes can easily touch 250+ levels ...
Glenmark and educomp good volumes after a long time and charts shaping up for another run ...Buy on declines or breakout above 1040 or 640 ...traders would love it ...
India Bulls can loose 20-30 bucks anytime beware...
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