Nifty Technical View – Corrections are needed

Filed under Technical Analysis by Nooresh on May 25, 2013 6:43 pm

May 25, 2013

GSFC – Bottoming out – Investment pick

Filed under Stock Technical View by Nooresh on May 20, 2013 1:00 pm

May 20, 2013

  GSFC –  The stock has been under pressure for a long time now.   Technically seems bottomed out and a sustaining move beyond 59-60 opens a quick move to 65-68 and long term targets of 80+   Investors can accumulate the stock with a stoploss of 54   Nooresh Merani www.analyseindia.com   ( For all [...]

Cipla – Defensive Investment pick for 1 year

Filed under Investmentparents=singleTechnical Analysis by Nooresh on May 15, 2013 11:47 pm

May 15, 2013

  Quick Technical View:   -> Technically Cipla is testing the 5-6 year trendline which we expect would breakout on the upside in the future.   -> At current levels of 410 the short term breakout is at 415-420 above which can see a quick spurt to 450. ( this is the short term idea [...]

Nifty moves 150 points in a day !!

Filed under Technical Analysis by Nooresh on

May 15, 2013

In the last few days though have not posted much on Nifty but had been tweeting about the risk of Vix and Nifty as a deadly combination ( see todays post – http://www.nooreshtech.co.in/2013/05/india-vix-at-18-and-nifty-6130-will-it-be-a-deadly-combination.html  )   After a quick drop 2 days back Nifty has now crossed into new highs for the year and trapping the [...]

India Vix at 18 and Nifty 6130 – Will it be a deadly combination ?

Filed under Technical Analysis by Nooresh on

May 15, 2013

Over the last 2-3 sessions have been tweeting about the risk of VIX going up with the Index. This combination can at times lead to a sharp short covering move which is 6-10% on the Index.  Derivative analysis tells   Just posting previous charts. The risk is of a big move in Nifty and Midcaps [...]

Stock Trading is a very easy Business.

Filed under Sunday Thoughts by Nooresh on May 13, 2013 7:31 pm

May 13, 2013

Recently met a well paid guy from one of the industry ( dont want to name )  which is doing good , who wanted to quit his current job and get into equity markets as a full time trader because he was frustrated with his job . His experience – A couple of years trading [...]

TV 18 – Momentum trade for 10-15%

Filed under Stock Technical Viewparents=singleTechnical Analysis by Nooresh on May 7, 2013 6:47 pm

May 7, 2013

    Last time had posted a trade on TV 18  at 34-35 and got a quick 10% touching the target , post that the stock collapsed to 24. This is where trailing stoploss helps you.   Now the stock is again forming a triangle with a quick target of 32 and even 35-38.   [...]

Technical Charts – Century Textiles, Crompton , MTNL , NMDC , Sintex

Filed under Stock Technical View by Nooresh on May 6, 2013 11:47 pm

May 6, 2013

    After the previous post on Karnataka Bank which has given a nice breakout and Grasim waiting for 3000. Some more charts which look interesting   Century Textiles – The downward trend line is broken on the upside indicating selling pressure is finally over. After a consolidation for the past few weeks can expect [...]

MIDCAP /SMALL CAP INDICES – Time to catch up and stop under performing ?

Filed under Nifty Technical Viewparents=singleTechnical Analysis by Nooresh on

May 6, 2013

After the good move in Nifty of 10% on expected lines – Check Link we have been mentioning that one should now focus on broader markets.   Expect next 3-4 months could see some serious performance by midcaps/smallcaps. Bounce backs of 15-30% in many stocks may come in a jiffy. Next couple of weeks could [...]

Karnataka Bank – Speculative buy above 153 for a target of 175

Filed under Stock Technical Viewparents=singleTechnical Analysis by Nooresh on

May 6, 2013

  The stock has given a falling trendline breakout some time back.   over the past few days keeps getting resistance around 153. Sustaining above 153 can see a move to 165-175 in a fast manner.   An alternate trade would be to short kotak and buy ktk.   Please do your risk management as [...]