Monday, September 13, 2010

# Bank Nifty should continue its move towards 12500-13000


  • ICICI bank past underperformance, would catch up fast, strong supports at 950-1000, target 1250+
  • Sensex a bullish breakaway gap, hints at pending upsides.
  • Bank Nifty should continue its move towards 12500-13000
  • Nifty odds tilted towards the long term trend, medium term risk profile changes from a sell on rise to a buy on decline.
  • Stocks with positive short term bias

§                 LIC Hsg, SBI, ICICI, IDBI, GATI, Rel Com, Bharti, Suzlon, Maruti

  • Stocks with negative short term bias

§                 M&M, Sesa Goa

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