SENSEX ZOOOOOOMS PAST 18K

Sensex achieves our target of 18320+ given
in our post few days back and started 
retracing. 

Technically now it is likely to face very very strong 
resistance and may not sustain levels higher than 
this and I have started booking profit and quitting 
my long positions.

"The sentiment has gone overboard. 
Prices are ahead of valuation" is being 
murmured in the market. If one wants to keep long 
positions it is absolutely necesary to keep very tight 
stop loss.


TECHNICAL PICKS for tomorrow

JINDALSTEL
JAICORPLTD
RIIL
STCINDIA
TATASPONGE
NBVENTURES
GMDCLTD
HDIL
GARWALLROP
RCOM
MAX
MLL
PURVA
BHEL
MARUTI

PERFORMANCE OF YESTERDAY'S PICKS

SURANAIND     UP 5.8%
RIIL                    UP 5%  CIRCUIT
TATASPONGE  UP 8.69%
TECHNOELEC   UP3.96
USHAMART      UP 0.81%
INDIANHUME  UP 3.68%
PANTALOONR UP 2.8%
STCINDIA          UP 5%  CIRCUIT
BAGFILMS        UP 0.68
SUZLON             UP 1.6%
GARWALLROP  UP 4.4%
MLL                     UP 4.4%
PANACEABIO    DN 1.5%
HTMTGLOBAL  UP 0.81%
SIMPLEXINF     UP 3%
BHEL                    UP 2.1%
LT                         UP 4.73%
ABAN                   DN 2.42%