Bank Nifty, Tisco,GMR, BajajHind - Short term view.

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Bajaj Hindustan - a Break out Candidate.

Keep a SL @ 200 & Buy it for some quick returns.

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Stocks breaking out..so many..

Cement stocks which have been correcting since "Post Elections", have started to move up. Cement stocks generally give lead indications.
After a broader correction(Upward correction) for more than 3 months, Steel & other commodity stocks have started to trend higher and some in the process of doing so.
Reliance is also in the process of moving higher if it can break past 1120.
Bank stocks , after a brief correction, are on the verge of moving higher.
IT stocks continue to trend higher.
In Nifty, in the higher time frames such as Daily & Weekly, the prices continue to display higher high & higher lows. Highs are capped presently capped @ 5182. The moment that high is taken out, the bullishness will become obvious(Presently scores of stocks are outperforming..the big stocks are yet to do catching up).
Till a valid lower low is not done(and a subsequent lower high), no sustained fall is possible.
So stock pickers...have a blast of a time..

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Baja Hindustan - a Sell on rise..

It has commenced its "iii" wave down from 228.40 and that will be a SL(Spot) for Shorts for Dec. Series. It may have a "Pause week" before heading lower..

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Bajaj Hindustan

Looks to have completed its corrections and resting on its support line. Maharastra elections over(Sugar Belt) and festival season ahead, dollar weakness continuing....

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