Sensex Technical View :
View remains the same as yest
Will 50 dema and 17400-17300 hold this time. Possibly yes ! … Buying can be done in two parts at 17300-17400 and 17000 with a stoploss of 16900 and possible target of 17700.
One can look to book profits at 17650-17700 zone if comes.Nifty would be 5300 odd.
Stocks to watchout for :
TCS seems to have started its decline below 775. The stock could even see 745-720 in short term. Avoid longs here.
FMCG stocks wait for follow on moves. ITC above 272, Colgate buy arnd 740, Dabur above 187
In the last few days had been mentioning about a good built up seen in midcap banking stocks – Dcb, Dena, Vijaya, Uco have been doing well. Watchout for Vijaya , Dhanlaxmi Bank and IDBI to give 5-8 %move in near term.
Shipping stocks are making interesting long term patterns. Watchout for GE shipping,SCI and Mercator in the next couple of months.
Dena Bank :The stock is closing on a breakout. Buy on dips with 80-81 stop.
Dhanlaxmi Bank :
The stock has given a breakout around 147. Further momentum could come on crossing above 156.
Camlin:
Nice breakout with volumes but is not a highly traded counter so position accordingly.Buy around 27-28.5 stoploss of 26 tgt 31-34 in short term.
April 30, 2010
Hi,
Whats your view on the market now.
I think the market will stay in the current levels of 17540-17640 (Currently @ 17600).
There are no more positive or negative cues left for the afternoon. Should we exit now?
April 30, 2010
Sunny,
I have mentioned 17650-17700 profit booking zone. Advised booking Nifty at 5270/5290 to clients. Buying at 5240. Continue to be stock specific
April 30, 2010
sirji i also look good camlin, and what r u say abt. CANFINHOME?
May 3, 2010
Camlin is good. Canfin is a slow mover
May 1, 2010
sir i have camlin 5000@30 what shoukd i do please advise
May 3, 2010
Hold on to the same for short term.
May 1, 2010
What is the status for Longterm investment in GSPL / Guj NRE / Sparc
May 3, 2010
All 3 are good long term stocks
May 6, 2010
SIRJI MLL GOES DOWN FROM WHERE IT PICKUP?