Sensex Technical View :
The index seems to be taking a breather or stalling around the 9100 band. The recent low around 8800 could be a level to watch on downside for a small confirmation or a move beyond 9300 to give a momentum.
On the time analysis front we are in the last few sessions as March end period is nearing. We may re-look into that front after April 2nd week giving a leeway of a week or two.
So continue to remain cautious and wait for a confirmatory moves on either side.
The sideways move for the last few days might have tricked a few stops if one is not a quick trader as the moves have been in side midcap stocks. So wait for a fresh confirmatory move to increase trading volumes.
Stocks to watchout :
Cairn now one can look to book profits fully ,TVS motors 20 stop , Havells does 135 +, Gmr infra crosses 85 this time and may touch 90 in short term. India cements dips below 94 and looks weak for more if sustains below. GNFC hold.
Seems a buy above 95.5 for a small tgt of 99-101.
Small cap stocks which do need a look up on fundamentals
Elecon Engg ,Emco Ltd , Easun Reyrolle, Kirloskar Brothers , Kirloskar Electric , PSL ltd , Himadri Chemicals seem interesting on a first look .Although options are many listed a few.
Readers if tracking these stocks or have some good reports or study on the same mail to email@example.com . As we need to start looking into value picks for long term as options are many so need to keep shortlisting.
TECHNICAL ANALYSIS SESSION MUMBAI --- MARCH 28-29
Interested people can call - 0981922539 Nooresh for more details. ( aftr mkt hours ).