As PER CHARTS.

Given below are two charts of our most popular indices BSE and NSE. As per charts better to be discplined and be on safe side by selling. This is the reason why I am bearish on STOCK Market as of now specially when it comes to following INDICES. Though i think we(India and Indians) will do better then others over long term and remain bullish over long term prospects. So leaving it upto you to take decision whether you want to "time the market" or be "long term"!!!

If you follow Technical Analysis follow Stop Loss on Both the sides.

X-Stocks.

* CEAT LTD. !
Moving in Consoldation Pattern - Buy on Every Decline for Short Term Target of 150+
* DIVI'S LAB !
Strong Resistance @ 3200 - Bullish Breakout with Volumes to Target 3650-3700 in coming Weeks
* INDUSIND BANK (FUT) !
Breakout from Bullish Pattern in Extreme Short Term - Buy on every decline with SL for Target of 64
* ICICI BANK !
Ready for Another Upmove of Rs50/ - Buy with Strict SL for Target of 1020+ in Few Hours
* IKF TECHNO. !
Bullish Indications in Short Term Charts - Likely to Cross 10+ in coming Sessions
* ZENSAR TECH !
Short Term Resistance @ 260 - Bullish Crossover with Volumes will Target 300+ in Coming Days
* I T I LTD. !
Bullish Indications in Hourly Charts - Likely to Cross 54+ in coming Sessions
* UNITED PHOS. !
Moves Past Crucial resistance @ 335-338 / Another Close above 340 will Target 390+ in coming
Sessions
* VIDEOCON APPLIANCES !
Moves Out of Extreme Short Term Bullish Pattern - Indicators favour rise to 38-40 in Few Days
* SONA KOYA STEERING !
Bullish Indication in Short Term Charts - Buy on Every Declines for Short Term Bullish Target of 72+
* XPRO INDIA !
Bullish Indications in Short Term - Indicators favour Rise to 65+ in coming Days
* GENUS OVERSEAS !
Heading for 280+ in Coming Days - Buy on Pullback till Support with SL
* NOCIL LTD. !
Likely to face Small Resistance @ 31-32 / Bullish Crossover from Resistance to Target 38-40 in Few Days
* KALE CONSULTANTS !
Breakout from Bullish Pattern - Buy on Declines for Target of 155+ in Few Sessions
* ROLTA LTD. !
Medium Term Charts Highly Bullish - Use Every Corrective Decline to Buy only with For Target of
400+
* MUKAND ENGG. !
On Verge of Bullish Breakout in Daily Charts - 2 Close above 38 will Target 50+ in Near Term

Rolta- Value Buy from Fundamental And Technical Point.

Technical Analyst, Vijay Bhambwani is of the view that Rolta can touch Rs 370 in the coming 3-4 quarters.

Bhambwani told CNBC-TV18, "Rolta is poised for a breakout, should we see a closing on Friday, above Rs 285 we could have indicated a clear breakout. Should the volumes be higher than the previous weekly volumes, chances are Rolta is heading towards the Rs 370 mark in the coming 3-4 quarters. Having said that I think Rs 250 remains a very strong flow and all long positions must be protected with a stoploss at Rs 250 or maybe Rs 4-5 lower. So downside from Rs 285 breakout level would be Rs 35 and upside would be almost Rs 85, so the risk reward ratio clearly indicates that the stock is in favour of the bulls and I think keeping a limited exposure on this stock on the long side actually makes sense."

Rain Comm. Buy for ST CMP: 204.90 Tgt: 219 & 231-Religare.

The daily candlestick chart of Rain Commodities shows a big bullish candle on extremely high volumes. It has broken above and closed above the resistance line in blue. The OBV oscillator has made a new high implying that the recent highs could be attempted. One can accumulate in small quantities in declines at Rs.198-202 with a strict stop loss below Rs.189.50 in close for a target of Rs.219 in the next 4-6 weeks and if that is sustained an optimistic medium term target of Rs.231 in the next 10-12 weeks.

BRFL Buy for ST CMP: 219.80 Tgt: 235.00- Religare.

The daily candlestick chart of BRFL shows a bullish candle on extremely high volumes. It has retraced 61.8% of the rise from Rs.196 to Rs.246. Strong support is
pegged from the trend line in blue at Rs.212. The short term oscillators are turning from the oversold zone. One can buy BRFL in small quantities in declines at Rs.215-217 with strict stop loss below Rs.208 in close for a target of Rs.235 in the next 10-12 trading sessions.