NEWSLETTER

NOORESH)

Sensex Technical View ;

The short term strong support now is based at 15275-15350 range which was the gap made some days back.

On the upside 16050-16250 remains a strong resistance.

Last 3 weeks its all been the broader market so will look into the index only if we get out of the above levels.

Stocks to watchout for :

All the stocks we have recommended continued to outperform the indices and with solid moves.

Client calls: Dalmia Cement , GMDC , GIPCL, Aptech , City Union , Prakash Inds , Standard Inds, Unitech and the list is long which have given 10-40% returns in short term.

VBC ferro , Godawari power and many other stocks recommended a week back rocking !!!

Unitech does 1st tgt of 105 !! , GMDC rocks, Binani Cements breakout and waiting , OCL india slowly inching up , Uttam Steel in new territory , Meghmani stop 15.8 , PTC Hold , Hikal , ITD cements etc keep booking

Few charts attached below :

Andor Fontech seeing good buying by informed investors and fundamentally sound company. Long term investors can take small exposure. Only for patient people.

HOCL :

Another possible Cup and Handle Breakout. Speculative built up seen in short term. Slightly higher risk. Traders can keep a watch.
Macmillan:

One of the laggards in the education space but seeing encouraging volumes.

Downside is limited so investors with medium term view can take exposure. Will see momentum on crossing 72-75.

STOCK VIEW

Chambal Fert Intraday Chart - 5 mins:

Chambal Fertilizer formed a Symmetric Triangle with lower volumes in 5 min time frame. Break out or break down with volume confirmation may give the target of the height of the Triangle, which is Rs. 2.50

Chambal Fert Chart - Hourly:

In hourly charts the triangle has formed like a pennant to the pole. As this Triangle formed after the sustained up move with spiking volumes, it acts like a pole and pennant (continuation pattern). If breaks out happens to the triangle in 5 min time frame then the extended target would be the height of the pole which is Rs.5