Index continues to face resistance closer to the 15800- 16k mark and Nifty around 4700-4750 which is the previous top zone.
Meanwhile the midcaps continue to flourish as being said in last few weeks.
Just a few charts for now ...
Busy with analysis and some work so no review today ... GMDC,Aptech,Hikal, Alpha Geo and many others rocked ... All stocks discussed in last few weeks have done well ...
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Stocks to watchout for :
IFCI above 54 close may give short term view but doesnt yet seem to be decided.
IBSEC punters looking for big targets ... A move above 56 could send it in to further moves.........Disclosure - Recommended to clients at 48.
VBC ferro still seeing strong moves hold for 450.
Ganesh Housing set for 150 maintain hold on.
Sterlite , Pantaloon Retail breakout on short term charts . Traders can buy with 3% stop.
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