Uk Expert For Gradual Move Towards Privatisation

BSE Sensex: Last week it was clearly mentioned that the BSE Sensex should close below 3840 or above 4080 points and then only real powerful one-sided movement will start. And from last two trading sessions, the Sensex has managed to close above 4080 points, so this indicates that fireworks on upper side will start any moment. Considering 4080 points as minor support and 4035 points as weekly support, buy Sensex-based stocks. After crossing 4137 points expect non stop run to 4240, 4320 or 4370 points by midweek only. If suppose it breaks and closes below 4035 points, then it can slide to 3970 points. If on any Friday, it is able to close above 4275 points, then it will easily cross 4550 within a very small time frame.

 

SBI: The levels of Rs 250 and Rs 264 are trend-deciders for coming week. A close above Rs 264 will take it to Rs 277, Rs 286 or Rs 300. After breaking Rs 250 it can slide to Rs 241. Buy this stock on every decline and don't remain short above Rs 264. Time and goal method is indicating that by 22nd trading session from Monday, the scrip will reach an unexpected price.

ITC: Traders can buy the scrip considering Rs 1,053 as a crucial support. Above this level, it will always favour bulls. After crossing Rs 1,076 it will smoothly rise to Rs 1,103 or Rs 1,152. A close above Rs 1,103 will give a powerful buy signal. On downside, after breaking Rs 1,053 it can slide to Rs 1,031 or Rs 1015. The scrip had formed a falling wedge and chances are bright that this time ITC will play a major role in on going rally.

L&T: The level of Rs 299 and Rs 311 are trend-deciders. After crossing Rs 311 it can flare up to Rs 320 or Rs 334. On downside, it can slide to Rs 289 or expect a level of Rs 278. Chances are very bright that the scrip will create fireworks on upper side only, so traders can grab this scrip on every decline. Have an eye on Rs 311, thereafter one-sided upper movement will start.

Tata Steel: Last week it had crossed the last hurdle of Rs 141. Considering this level as a crucial support and Rs 136 as weekly support, grab this scrip on Monday itself. After crossing Rs 151, it will run non stop to Rs 172. Minor resistance exists at Rs 158. Chances are very bright that it can touch the magic figure of Rs 200 in coming 19 trading sessions. Above Rs 15l, all-round buying will start.

Telco: Above Rs 194, bulls will dominate this counter. On upper side it can flare up to Rs 214, Rs 220 or Rs 230. If it breaks Rs 190, then it can fall to Rs 184, but chances are very remote that the scrip can fall very heavily.

Siemens: Grab this scrip and expect a big explosion. On upper side, the last hurdle is Rs 226 and it can easily flare up to Rs 240, Rs 255 or Rs 283. For the coming week, a level of Rs 221 is a trend-decider. Minor resistance levels are Rs 232 and Rs 244. Support will be given at Rs 215.

Thermax: The scrip has already entered a bull orbit so any decline should be considered as an opportunity to take long position. The level of Rs 165 is a trend-decider. On upper side it can move to Rs 178. The level of Rs 184 is the last hurdle and thereafter unexpected all-round buying will start. Below Rs 165 it can slide to Rs 159 or Rs 152. Catch this scrip once it closes above 167.