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 2744 articles.

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