Sensex – Trendline support at 19450- The trade remains to stay long….

sensex

 

Sensex trendline support comes at 19450 and Nifty comes around 5920.

 

We may continue to remain long with 2 days closing below these levels. Traders looking for momentum should re-enter Nifty on sustaining 5970. A quick trade has been stopped out. Positional traders may keep a stop at 5840-5860.

 

Look for stock specific buying opportunities -

Index stocks to buy – Reliance Inds, BPCL, HDFC look interesting. Even BOB

 

Next supports do come at 5840 and 19200.

 

Best Regards,

 

Nooresh

2 Comments

  1. Chaitanya
    February 12, 2013

    Hi Nooresh,
    What’s your take on BEML. It has fallen considerably. Any updates.
    Thanks
    Chaitanya

    Reply
  2. chaitanya
    February 13, 2013

    Hi Nooresh,
    Would like to hear your views on BEML. Is 250 a good entry point or wait till it stablizes.
    Thanks
    Chaitanya

    Reply

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