STOCKSDOCTOR - BNRSTOCKS

The two sided swings and volatility killed the traders as they could not take a single sided view to make killing in the street. The markets may take some breather for it rally as it looks waiting for the shorts and the triggers from the reforms front.
The PSU counters are making good moves ahead of the mega launch of MTNL 3G services, a better announcement like BSNL IPO for its expansion plans. The Vergin mobile tie up with Tata Tele services marked the possible policy making which has now become an access to the MVNO services in INDIA as TRAI made it possible. The real policy matters as a choice/demand from the allies will make headlines after the cabinet expansion.
The MARKET pulse check by STOCKOMETER: In the morning in my Stock Specific Action, titled “The bears have advantage.... The ADRs are in green but both sides momentum buying and selling expected at this juncture- and behaved like a real tussle between the Bulls and bears. Though higher favour given to Bears, suggested that the markets make a Southward move proved wrong.
But the stocks behaved more in line, as The RIL has resistance at 2315 and the high touched was 2316.90. The RPL is strong above 171 and weak below 169. the high registered at 169.70
The RCOM is strong above 451-53 level, can touch 475 level if it can trade above 456 level and will become weak below 441 levels. The high was 452, low at 436.0
The JP is good above 189 and weak below 181 level but the high was at 189.8 and low 180.80
The DLF is getting resistance at 556-559 level but crossed and touched 563.0
The Rel cap is weak below 1393 and good above 1420 level. The high 1414.5, low 1316.55
The SBI is good above 1575 level. The high 1554.40
The ICICI is good above 721 and weak below 708 levels. The high 722 and low 693.30

For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com

The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS. Never Forget: I may be wrong, You may be wrong but markets always RIGHT.