Sensex Technical View:
Nothings changed here...Sensex if stays above 15600 could target 16050 for near term. Allthough a move above should be seen with higher volumes and a larger magnitude else it would be a divergent signal.
Continue to be stock specific as the action has clearly shifted as i have been saying everyday.
Stocks to watchout for :
I-flex i.e OFSS has moved up sharply book at 1480-1550. PFC tgt 245 stop now 228.
RCOM buy with a stop of 275 tgt 295-320 in short term.
ROLTA
The stock may be headed to 190 in short to medium term. Only laggard in the IT space is all set to catch up !! ( disclosure : Already recommended to clients at 143 ! )
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Nooresh
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