StaleMate ? The Index seems to be undecided….

Sensex Technical View :

Although i have pulled out a detailed view on the index which i have clearly stated 16k-16.4k is a buy zone with 15900 and 15600 being stoploss for the traders/investors.

In the near term the two levels to watch are basically 15900 on the downside and 16900 on the upside. Till we dont see a clear move on either side the volatility will remain high and one will need to wait patiently on sidelines.

Stocks to watchout for :

Divis Labs: The stock seems to be showing lots of strength but needs a sustaining move above 730. Stock should shoot up to 800 levels in that case.

Reliance Inds: The stock continues to be in the range of 980 to 1080 broadly. Till we dont see a clear move above 1100 or below 1060 the flip flops may continue.

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