Sensex Technical View :
As being repeated that Sensex has broken out of the range and as shown in yesterdays chart that the next levels to watch are 16450 and beyond that 16800-17200 range. Lots of stock specific movements are seen and its time to be stock specific as Sensex would try to remain stable on its move aiding pullbacks from over corrected stocks.
Stocks to watchout ;
Many of the stocks discussed as candidates 2 weeks back like GEI Inds , Kalpana Inds , Patel int logistics , Karuturi etc have given a decent returns of 15-50% and would advise booking profits.
https://nooreshtech.blogspot.com/2008/03/stability-will-take-some-more-time.html
Skumars, K S Oils , Hind Oil , Rpl , Essar Oil , WWil and Dishtv etc of recent also doing good...
of the 3 listed yest : Ceat Ltd does 20% freeze
Current stocks to watchout for :
MTNL buy above 104 for a tgt of 113-115 stop of 100
TTM L another stock which can bounce ...bottom fishers can keep a watch
Dredging Corp looks good for investment for 20-305 gains ... do ur own research ,,
Some of the messages Sent :
28-Mar-2008 10:40:06
Medium Term delivery Small quantity Buy ELEC Steel Casting at 40-41 add at 38. K S Oils at 70-71 add at 68 . potential upside 20-30\% .
15-Apr-2008 12:47:07
K S oils earlier call initiated at 70 and 66 can add more on crossing 75.5 for a tgt of 85-90.
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Best Regards,
Nooresh
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