30 September 2010

Emkay: Daily Technicals: Sept 30th

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Techcheck Daily
S&P trades weak, critically poised on the 200 DMA

n     Chart of the Day: S&P, a correction in the offing, prices critically poised on the 200 DMA (1120), momentum dies down 
n     Nifty an outside bar once again signals caution, correction till 5900-5932 likely, overall bias though continues to remain positive
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, Infosys
n     Stocks with negative short term bias
n     Idea, Punj Llyod

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