Ranbaxy has been moving in a upward rising wedge and has taken resistance at upper trend line of the wedge.

Venky’s has done pretty well for itself rising from roundabout 450 levels to highs of 1000 levels.

Normal volumes on this counter are close to 25 lakh. Today we have seen volumes close to 1.5 crore.

Hero Honda would continue to remain sideways and if I were to really go long in Hero Honda, then I would be looking out for levels of 1870....

Orchid Chem looks like a very good counter. The stock has been up on the weekly charts.

Satyam has been trading in a pretty erratic manner. Ccommenting on the stock on a technical basis becomes very difficult in such situations.

There is no clear trend emerging from the volumes that are happening.

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