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Market Synopsis

 

 BSE Sensex:(10082)   NSE Nifty (3020)

 

As said ‘The Technical upward trend is still intact and the market action has demonstrated the strength… the next technical target are 10756....10835 and then 11021. Realistically a target of 10935 is still possible as the market goes higher it proceed into a stretched zone…

The support for the Sensex is at 10655-10468 and the resistance to the up move at 10814-10980-10995

The support for the Nifty is at 3155-3125 and the resistance to the up move at 3220-3235

From a trading point of view, it would be adviced to remain cautious as the sell is generated and the market is close to supports…

 

PICK OF THE WEEK  

BUY BHEL FOR THIS WEEK.

Accumulate BHEL for a target of 1903. SL 1827.

 

Technically BHEL has shown a major breakout on charts and is expected to move above 2330. A target of 3200 looks possible in a 12 months time frame.

 

 

 

LONG TERM TECHNICAL TARGETS ON STOCKS

 

 

 

INDIAN SHARE BROKER COMPARISON

 

 

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Last updated on 21st February 2006.