Quick Technical Charts – Maruti, Reliance Inds, Bank of India and Kesoram Inds

Maruti – Time for a dip it seems. Sharp traders can look for shorts on rise.



Reliance Inds : 1040-1055 remains a strong resistance band which if broken will take it to 1100-1120 giving a big push to the index.



Bank of India :

After lot many hits at 470-475 the stock has finally broken out and may head to 500 in short term.



Kesoram inds : NICE VOLUMES build up suggests a possibility of a breakout above 208 which can give sharp 5-10% jump.



Sensex to face resistance at 19400 which has been our target price and a stoploss for shorts above 19600.


Stocks to watchout for :

If markets remain stable there could be sharp jump in midcap banks like uco , idbi, dena, dhanbank and dcb as the bigger banks have done their move.


Century enka, tata elexsi, gulf oil seem interesting bounce back candidates in the next 1-2 weeks.


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  1. bhanu
    March 31, 2011

    hi Nooresh,

    Nice to see you back in some action. Can Bengal Assam be bought now? Also your view on Auto Corp goa. has been stable for a while.

    Appreciate you reco on this.

    1. nooresh
      April 1, 2011

      Hi Bhanu,

      Bengal Assam has fallen in line with the fall in JK group cos.
      Fundamentally nothing has changed.
      Auto Corp Goa remains a strong bet funda wise.


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