Sensex Technical view:
What seemed like a breakout a day back is now looking like a false start. But this move being the first hit on the trendline it would be too early to consider it a false start or a short term top.
Good supports are placed at 18600-18650 and 18000-18200 are fibonacci retracements. But one thing seems to be clear index could head to 18000-18200 or 19600-19800 over the next 1 month or so.
Till the index remains in this range it would be a good time for stock specific trade.
Stocks to watchout for -
Divis Labs and Siemens looks good on dips for bounces.
Market rumours suggest good announcement on cards in JB Chemiclas. On the valuation front one can slowly buy at 135/120 zones.
Investors can look towards Asahi Songwon colors on declines to 108/95 with a long term view.
Regards,
Nooresh
July 11, 2011
Sir, wt is ur outlook on Gujrat gas..is seems tht stock was in consolidation mode n now is ready for breakout…for medium to long term view it can give good retuns . plz suggest ur valueble view on it
July 18, 2011
Hi Nilesh,
Guj Gas remains a strong buy
July 12, 2011
Hi Nooresh,
Could you please share technical outlook on BASF?
Thanks.
July 18, 2011
No view on BASF tull the rumours settle down