Friday, 8 February 2013

Technical view by Nooresh

Technical view by Nooresh

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

Posted: 08 Feb 2013 01:46 AM PST

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

 

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

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