29 September 2010

Emkay: ABB breaks out of a 52 week range & technical Views

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Techcheck Daily
ABB breaks out of a 52 week range

n     Chart of the Day: ABB; breaks out of a 52 week channel just like Nifty, upsides till 1200 open as long as the breakout holds 
n     Nifty on course to achieve 6250-6300, range sloping up hence targets could extend over the next month
n     Nifty the price-volume signatures look very healthy
n     Bank Nifty should continue its move towards 13000-13300
n     Stocks with positive short term bias
n     ABB, Maruti, DLF, GIC Hsg, ICICI, IDBI, L&T, Siemens, Rel Com, Bharti, Infosys, Rolta
n     Stocks with negative short term bias
n     Crisil, HUL, Idea

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