Sunday, March 18, 2007

Pharma looking strong in a weak market

Lots of pharma stocks showing strength.
Orchid/dr.red look interesting.
Check bse health, seems closer to its trendline than sensex.
Orchid watch 235+ for continuation of upmove
weak below 245
Dr.red can recover till 700-720 if it holds above 680 intraday

Cements=weakest, sell on every rally mode in cements but i think some of them will be approaching may parallel channels , u might see some bounce from the channel even if the down move continues later.

No comments: