BSE Capital Goods Index

BSE Capital goods is too much oversold on Daily, Weekly and monthly charts and any upmove in index which is also oversold would take this index up with it Given here levels for all capital index stocks with targets for upmove T1 for 4800-4900 T2 for 5000-5200 and T3 for 5300-5400 on nifty so act accordingly . I think first tgt would be achieved in all stocks as too much oversold. Alstom , Areva, Bhel and LnT are my favourities.

Scrip CMP T1 T2 T3
BSE Capital Goods 8000 8500 9200 9700
ABB 570 575 594 644
AIA Engg 279 285 295 338
Alstom Power 311 327 358 420
Areva T& D 150 157 180 193
BEML 465 475 488 564
Bharat bijlee 520 533 550 632
Bharat Electronics Abv 1413 1441 1485 1500
BHEL 237 247 263 285-320
Crompton 117 124 132 142
Elecon Engg 52 57 62 68
EKC 30 36 47 63
Gammon India 43 48 56 67
Havells India 385 395 410 440
Jyoti Structures 36 44 51 61
Kalpataru Power 91 97 101 107
Laxmi Machine works 1468 1615 1725 1875
LNT 1009 1087 1188 1260
Praj Industries 75 80 85 90
* Showing strength in this weak mkt 200 DMA 75
Punj Llyod 40 45 49 55
Rel. Ind. Infra 288 330 360 400
Siemens 651 680 740 810
SKF India 552 575 605 625
Suzlon 18.65 21 27 34
Thermax 400 439 449 470
Usha Martin 22.5 23.4 27 32
Walchandnagar 63 70 77 88
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