Sensex Technical View :
Sensex should continue to remain range bound qith 18300-18500 band as resistance on upside and 17200-17500 on the lower side. Traders will have a tough time taking directional calls for some more days. Investors should wait for dips near to 17200-17500 zone to again deploy some cash. Those who played the earlier bounce and pulled back cash can again start looking for dips.
Stocks to watchout for :
Infosys can give a nice move if it sustains above 1600 levels can toucch 1660-1750 on higher side ...
K S Oils looks good for long term as promoter buying is seen for last few months ...
http://www.bseindia.com/Insidetrade.asp
There are whole lot of stocks in the mid caps which look exciting on fundamental basis but investors will need lot of patience as they will take more time . So the strategy should be take only an initial exposure and then wait for a change in trend or reversal or stable mkt conditions as it is better to buy the stock at extreme panic levels when there is a good reversal as currently the holding period seems longer and only patient investors . Till then do ur homework find a good list of stocks with nice fundamentals , good mgmt and do ur research to shortlist a few of them and look for attractive levels.
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