The week ended well again at 16481 up by 674 points during the week

The week ended well again at 16481 up by 674 points during the week. Upward momentum can take the index upto 17100 during the week and supports for the time being exist at 15700 levels. A few stocks which have yet to rise are

MAHINDRA AND MAHINDRA Close 638.90 / TATA MOTORS Close 618.10The stock has made a bottoming out at about 610 levels and hence one can buy now and in the zones upto 615 or so. The stock is looking ripe to go up swiftly to 700 levels in the near term as it had peaked to 872 on 1st Jan. Buy now and add at minor declines with a stop at 610.Tata Motors also has quite close to bottoming out now and will reverse now or from about 600 levels. Buy and add at declines for it will cross 700 again in the next few months.

SKF INDIA Close 309.75
The stock has also formed a bottom formation around 280 levels and is close to now rallying upto 350 in the short term. From a top of 489 on 31st Dec the stock has now shown signs of a breakout and seems to be a safe bet . Buy now and add at further declines instead of going for a stop.

SUN TV Close 296.25
Buy with a stop of 280 for a target of 340 in the short term. Having come down from 430 achieved on 8th Jan the reversal will be fast now and hence one can enter the stock .

RAYMOND Close 269.50
Not much downside left in the stock, perhaps upto 250 only now. Buy with a stop of 250 for a target of 325. The stock had peaked to 474 on 2/1/08 and is down by 43 % since then

INDIA CEMENTS Close 179.70
This too has less downside risk as it has supports at 165 levels. Buy now and add at declines for the stock will once again go above 225 in the short term and is a good long term pick. It had gone upto 333 on 14th December.

SYNDICATE BANK Close 75.45
Buy the stock as it has limited downside left now maximum upto 66 levels. The stock had gone upto 131 on 2nd Jan and is ready for a up swing upto 90 in the short term.

BHARATI SHIPYARD Close 507.65
This will go upto 600 very fast as it has given a U turn and having gone upto 861 in Jan, the stock is poised again now to go up.

RELIGARE Close 375.90
This too is ready to go upto 450 fast as it is on the verge of a breakout. 722 it had touched in Jan and is almost down by half. Buy with a stop of 355.

TV 18 Close 345.90
This is also a fast mover and will go upto 400 in the near term having come down from 599.80 levels achieved in January.

NAGARJUNA CONSTRUCTION Close 191.95
The stock has also taken a huge beating from 372 hit in Jan and now is consolidating with supports in the 180 zone. Buy and hold to get 250 in the short and near term.