LOOK AT CHARTS ATTACHED HEREWITH.
STOCKS LOOKING TECHNICALLY GOOD ARE AS FOLLOWS.
IOC/ HPCL/BPCL (MAY BE BCZ OF OIL INDIA LISTING ON 30/9)
PHARMA STOCKS
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UPDATE ON 26.09.09
looking at weekly charts pharma stocks r on overbought side so it may advisable to book profit in pharma stocks also on further run up.
oil and gas sectotor has been consolidating since jun tops. it needs a strong brek out from current lvls to outperform.
STOCKS LOOKING TECHNICALLY GOOD ARE AS FOLLOWS.
IOC/ HPCL/BPCL (MAY BE BCZ OF OIL INDIA LISTING ON 30/9)
PHARMA STOCKS
******************************************
UPDATE ON 26.09.09
looking at weekly charts pharma stocks r on overbought side so it may advisable to book profit in pharma stocks also on further run up.
oil and gas sectotor has been consolidating since jun tops. it needs a strong brek out from current lvls to outperform.
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UPDATE ON 29.09.09
PHARMA STOCKS GIVE GOOD UPMOVE.
OIL AND GAS SECTOR ALSO GAVE GOOD RUN IN LEADERSHIP OF ONGC AND GAIL.
IOC , HPCL AND BPCL R DN TODAY.CAN GIVE MOVE UP TOMORROW ON LISTING OF OIL INDIA.
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