Stocks to watch

Few of the stocks mentioned last week have finally moved and given break out on Friday. Reliance Ind DLF.

Alot of stocks are again at the tip of the trendline. break out will see a good pull back in them. The point to consider is that market should sustain. Now most of them being largecaps would pull the market up. But sustaining is the question. So be careful and use stoploss strictly.

Reliance can further go upto 2200-2260 above 2120. Larsen and Tubro above 2590 would be good for 2640-2700. NTPC above 177 would see 188-196. Patel engg above 410 can see 440. Power grid can be accumulated for 104-110.
Religare enterprises above 415 could give 10-15%. ONGC is another stock to watch out for.

Monday and tuesday would be very crucial for the market and volatility could be extreme. Need to be careful and watch out for news.

My view is that LNT ONGC RIL would move and pull the market. If UPA wins then we will see a good pull back. If not then we will to exit the stocks with trailing stoploss and sit on cash for some more time.