SenSex Makes New High.

Sensex opened on a positive note at 8497.45 and made intraday high of 8585.76 , which was a sensex all time high .Throughout the day after making high market had become very volatile and closed at 8514.27 up 36 points.Major mover in the sensex was Tata Motors which closed 548.50 up 4.2%.
I feel there is still lot of steam left in market to take sensex to new highs. Sensex has a next resistance of 8554 and 8620, support is at 8488 and 8415. Caution have to maintained since two days are left for the september future contract to expire.
The game plan to trade intraday is to maintain strict stoploss and do less volume.

Major Sensex Movers

1>Reliance
2>SBI
3>Telco
4>ONGC
5>Sesa Goa

Script	Call	CMP	Target	StopLoss
Century Enka	BUY	261	271	255
Castrol	BUY	225	231	221
Century Text	BUY	325	330	321
Hinduja finance	BUY	394	401	390
ITI Ltd	BUY	70.4	76	66
Telco	BUY	542	550	536

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