IFCI has broken out above 65 and should take a short towards 72-80 levels in coming days.... Traders can go for momentum trades.
Sensex Technical View :
Still the channel continues to be followed and we saw a recovery from lower levels much before the channel and only way could we see a major move up in index only above 17500 !! ... Till then traders continue to be stock specific .. 16800 and 17500 are levels to watchout for .
TEA STOckS which were being continously mentioned for last 3 weeks and was stated a turnaround will be seen and expect 20-30% upmove ....Do check the link below
https://nooreshtech.blogspot.com/2008/04/breakout-as-suggested-17500-near.html
harr Malayalam 85 to 122 !!!!!!!!!!!! Mcleod 96 to 118 ... We track the liquid ones but all others frm warren tea to jayashree tea zoomed .
Mcleod and Assam co chart shown in the link below .....Assam co 27 to 40 🙂 , Mcleod 105 to 118 ..
https://nooreshtech.blogspot.com/2008/05/mcleod-russel-and-assam-co-can-they.html
Stocks to watchout for :
Guj Nre coke looks good for short term buy on dips to 155-159 stop of 148 tgt 175 . Volatile stock !
Orbit corp has given a breakout and sustaining above 565-575 should tgt 595-640 +.
Hind Oil exploration if sustains above 158-160 can go upto 175 on ... ( exploration stock so crude rise beneficiary but open offer at 144 i believe so wait and watch )
REALTY stocks seem to have bottomed out and if indices remain stable can expect a good bounce of 10-15 % or more in these stocks. Investors and traders can buy on dips for bounceback ...
DLF support /stop at 605-610 , Indbull real 505-510 support/stop , Orbit corp momentum , Unitech 268-270 support /stop ... will put up charts if i get time later in the week ...
TECHNICAL ANALYSIS SESSION :
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