The current upmove has been purely on the back of banking stocks like ICICI AXIS and SBI.
Although another 5-10% is possible in them but they do look a little stretched for now.
On the other hand other heavies are on a crucial stage of whether they will be able to break the range made in last few months or crumble below support levels. So we need to wait and watch till the index heavies decide and give a clear indication.
So just for the reference posting the charts with important levels !!!
Best Regards,
Nooresh
November 30, 2010
Hello Sir,
I think u have posted some another chart in place of Tata Motors.