Sensex Technical View :

Yet again Sensex holds above 10700 and stages a pullback rally in the day. Such moves may not have been very beneficial to long traders but lot many intra-shorts being trapped.

For a lil more detailed view check yesterdays post. For now its simple 10650-10700 on downside and 11300 on upside is the range if its breaks out then expect 500-600 point move on either side.

Stocks to watchout for :

Remain bullish on power grid (chart posted above ), ICICI Bank drops to 400, Spicejet bullish

HDFC Bank

The only heavy banking stock which dint take a hit today. The current range is 1040-1120. A break above 1120 would give a quick move to 1160-1210.

Bharti Airtel :

The stock is moving out of the downward channel Can be bought around 710 levels with a stop of 690 tgt 740-755 in short term.