06 December 2010

MSCI World, bullish channel holds, target 342:: Emkay

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Techcheck Daily
MSCI World, bullish channel holds, target 342

n     Chart of the Week: MSCI World Index, bullish outside week after a similar bearish one last week, hints at bearish pattern failure and a sharp move up, expect prices to target 340-342 levels
n     Nifty 55 DEMA regained, daily momentum triggers fresh buys, maintain target range at 6100-6450
n     Bank Nifty, daily momentum triggers fresh buy, first to reach our initial targets (61.8% pullback), expect a brief halt/consolidation now before it targets 13000-13300
n     DXY strong monthly reversal, expect the 200 DMA at 82 to be taken out in sometime
n     Stocks with positive short term view:
n     HDFC Bank, Cipla, Reliance, ICICI Bank, SBI, L&T, Infosys
n     Stocks with negative short term view:
n     Hindalco, TISCO, HUL
  

1 comment:

  1. Chart of the Week: MSCI World Index, bullish outside week after a similar bearish one last week, hints at bearish pattern failure and a sharp move up,

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