Technical Analysis of Indian Equities by Nooresh

Sensex and stock View

Now here it is i really need to write this it seems !!!....Read it carefully ...

I have been recommending to not play with the indices for the last 8-10 sessions ...

Why am i saying this ...

NIFTY Or Sensex what is it representation of sensitivity of stocks aint it ...

It was meant for hedging your positions and not pure trading so i believe you ony take a position in it when the trend is clear and you have a good killing target...

From our prrevious recos we made a sweep of 14000 to 12800 on downside and 12800 to 13500 on upside ... a clean 1800-1900 points on sensex and at least 400-600 points on nifty ...

That is how i would like to trade on nifty ....

Reasons for not playin nifty in last sessions

1) If you see there is no clear movement and not much tooo gain on either side ...

2) How many of you stop yourself from buying into stocks coz the nifty is 40 points down or sensex 100 odd points...????? according to me many ...

3) Focussing on nifty this week would have given the best trader nothing more then 150-200 points ....

4) On the otherside FnO stocks recommended by us has given 10-20% which is by all means the best you can get ... nifty 200 points with loads of trading is 5% and brokerage for so many trades....????

Above all as a matter of fact nifty represents 50 n sensex 30 stocks ... and in the current stage INDIAN MARKETS attractive and valued beyond this range of stocks ...

The indian markets have matured and no more we would see free falls ( i would say opportunities in good stocks) if the sensex or nifty heavies fall.....

So get STOCK SPECIFIC ... how many times i wrote it and see the last 2 mths all good stocks have run no matter where the markets go n bad hav fallen ....

Everybody likes to talk about the markets i dont coz predicting the markets doesnt give money stocks do ...

Simple example :

If you go to shop for yourself a new wardrobe for yourself what do you do

1) Big malls ( Indian Markets )

2 ) good Brands like Armani , Gucci , ( Nifty Heavies )

3) Fashionable brands like PEPE , LEVIS etc ( A1 Grp Stocks ) ...

4) Local brands like Provogue , Spykar etc ( mid n small caps)


What will you do buy all Armanis and say i can afford it and look great??? ( Buy nifty and earn daily a bit)

Or pick stuff what you want according to the time ( A1 and MID CAP is in now )

Wont you concentrate on all what you need and like and when you wanna grow look younger you will buy provogue ( the stock went frm 140 to 400 in no time ) ... coz you bought the clothes all the time...

The Analogy is simple Armanis remain Armanis and there are ocassions ( like sensex rally n falls given by us ) when you need to look awesome ( make a kill 1800 points)

There are times when you need to hang around and stay cool and play smart ( A1 Group FnO stocks given by us )


And you need to enjoy all the time in between and chill out in your spykars n provgue accesories ( Mid n Small caps like suven , polaris , It , oil drilling ) ....


So there are times for which you should be doing what to enjoy life and trading and make money


Cheers just an analogy to keep the mind ticking , you are out there in the markets to trade i.e Shop and buy what looks good and not the same all time......coz u need to look n feel good and with fresh ideas all the time...

Best Regards,

Nooresh

Stocks that ran away :

Lanxess abs hit circuit to day ,

Dr reddy moving , visualsoft four soft aptech the list goes on ......

FnO picks :

Arvind mills frm 52 to 54-55 now will hit 58 in 3 sessions

Bongaigaon refineries 46.50 to 48.50 will hit our target of 50 ++...

This may seem 3-4 re gain but that s 10%%%%%



Now stocks to lookout for :


1) Sunil Hitech invest at curent levels 109-110 sl 105 tgt 125 -140 +++

stoploss of 5 rs gains expected 25 rs +++...

2) Visesh infotechnics 532411 cmp 40.70 sl 39 tgt 46 , 55,64



Circuit hitters for sure

1) Premier tyres buy at opening sell on circuit.. ( hold small qty )

2) Moldtek tech 526263 ... buy to sell at circuit \

( Hold small qty u can coz
even reliance capital trustee holds 3.53%%%%)


Best Regards,

Nooresh

9819225396

nooreshm@hexaware.com

on yahoo in the evenings

noorrock2002@yahoo.com

Article by Nooresh Merani

Nooresh has written 2556 articles.

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