Sluggishness to continue till 16100 /16700 breaks….

Sensex Technical View :
Yet another indecisive trading day on friday . Sensex 16100 and 16700 are the near term ranges. If 16700 broken we could see 17150 odd and on 16100 broken could see 15880-15300 slowly. Till Sensex stays between the above range there could be stock specific moves and traders can keep strict stops for the same .

Stocks to watchout for :
Guj alkali has triggered a breakout keep 188 stop, Spice tele does 60 frm 46 although we exitted at 54 and nominal left at 58 + , Tata comm above 525 looks good ,

NIIT looks good if breaks 112-113 for a quick tgt of 125 + .

Onmobile buy above 680 for a tgt of 720-740 . Risk is little high as a new listing so volatility is more .

tera software and Mold tek look interesting for investment.

High risk picks for the week with 3-5% stop frm cmp :
IVR PRIME and Dhanus Tech

Messages Sent to clients :

26-May-2008 10:13:54
Spice Tele has crossed 46 can buy small qty with 44.3 stop.
26-May-2008 12:33:57
Raise stop in Spice tele to 45.5 tgt at 50-54.

29-May-2008 10:39:20
BIhar Tubes buy at 185-187 for delivery add at 172-175 stop of 169 tgt 210-220.Momentum if sstains 187.

30-May-2008 10:02:42
Bihar tubes trail stop to 188 book part at 200-205 tgt 218.GUJ alkali buy if sustains above 195.5 stop of 187 tgt 210-220

30-May-2008 12:02:54
BUY infosys at 1915-1920 stop of 1890 tgt 1965.

Infosys , Bihar tubes , Guj alkali holding on for some gains with trailing stops.


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