Markets stage a pull-back: Outlook for the next week and some stocks

The 'sensex' tested the support levels of 17800 last week and bounced back to close above 18250 this Friday. We had expected the 17800 level to be a moderate support level and there was some positive RSI movement there.

Technically, the 'sensex' should test the breakout level (from the short term trendline previously) at around 18510 this week. If that resistance goes, the next important resistance would be around 18680.
Also there is seen some positive Divergence with the RSI which indicates that the rally should continue for a bit more.
It should be notes that we are still in this correction mode. The 'Sensex' is trading below its 200 DMA. This might be just a minor pull-back only.
Some heavy-weights like RIL, Tata steel, etc. are around their resistance levels which on cleared, could propel the 'sensex' further.

On the individual stocks, the following look good on the charts

GVK Power: Positive Divergence is seen. It should be a pull-back to 22.75-23 (Target) levels.
The stoploss should be placed at 20.4

Suzlon Energy: The stock is showing some momentum upwards. Though its not technically making any breakout, but if it breaks above 52.5-53 levels, it can test 55-56 quickly. Will post on the same later.

Suven seems to be breaking out of the inverted H&S with a Gap
The target is 24 (test of the 200 DMA too) Stoploss should be placed at 21.4

Sun Pharmaceuticals.: A classic trending stock, it has respected the long term support trendline and the 200-DMA many times now. A breakout from the mini-double bottom type pattern can take the stock to 460 levels (target). the stoploss should be placed at 425