Technical Analysis of Indian Equities by Nooresh

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Sensex closes above 13800 now we can expect a higher high ..
Stay cautious not optimistic ... Lookout for particular over corrected or breakout stocks...

The markets are going higher is good but dont go overboard ... Play within limits ...Again we advise stay away frm indices be stock specific coz there would be better gains in certain stocks ...

Bharat Electronics our all time favourite recommending frm 1200 levels hits 1350 levels ...
Mtnl book profits arnd 148-150 levels ... we will see fresh re entry later.. Tata motors hold Patni hold ...

New short term positional calls :

1) Buy bongaigaon refineries arnd 46 strict sl 44.80 tgt 49.20 / 51 / 53

2) Arvind Mills buy arnd 52 -52.50 strict sl 50.60 tgt 54.2o / 57/61

3) Orchid chemicals buy arnd 197 tgt sl 191 tgt 207 / 214 /219 +++ .. this can go much more also

We will update if we need to on the above ...


Intraday calls ;;

1) Ucal fuel buy arnd 114-116 sl 111 tgt 124 / 129

2) Zuari inds buy arnd 170-176 sl 167 tgt 184/192

3) HLL buy arnd 215-219 sl 214 tgt 224 / 229

4) Astra micro buy arnd 160-164 sl 158 tgt 169 /176


Weird stocks look for volumes and if does circuits here :

1)Batliboi

2) Sarla Polyester


Investment Stock :

Ramco Systems ... Please buy some n forget .. and keep adding remember i wrote it here ...

This is a repeat stock ... recommended earleier with chart ...

Regards,

Nooresh

9819225396

nooreshm@hexaware.com





Article by Nooresh Merani

Nooresh has written 2595 articles.

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