Technical Analysis of Indian Equities by Nooresh

Sensex and stock view

The Sensex is still facing resistances at higher levels but i dont see any breakouts on short side in the heavies except HLL ( 61.8% at 20 levels trendline and support of 215 level) and ITC ..

Apart from that other heavies like icici , reliance , ongc are nicely placed IT may see a lil correction but results arnd the corner so watchout ....

I would advise to stay away from indices, momentum above 14100 only ...

Gail is another positional pick for a target of 300++ intraday stoploss at 270 target 282 ... After a quick buck look to add some more on declines or buy n hold for a target of 285 and 300 ++...

Ongc and Mtnl also looking good ...


Stocks to watchout for good A1 grp stocks which can also move in thje day :

1) Adani Enterprises ... above 240 close or sustains 250 expect another roucn of circuits non stop ....

2) Ingersoll Rand ... looks set for 440 levels once stays above 380 levels ... good for intraday too...

3) Castrol above 230 make a quick buck for 245 tgt then we will see how it shapes up

Circuit Hitters

( This seems to be the most interesting for my readers ... high risk higher returns )

Yesterdays picks Premier tyres and Mold teck info ( IT ROCKS)

Both hit upper freeze .... Also i had recommended premier tyres a month back at 40 levels ...Now 80 still good...

Mold tek , reliance capital finds all small gems and runs them .to higher levels .. Texmaco also rel cap product ,.....

Northgate hits one more...

Hold the above too if u have will see some more gains ...

Ciruits for sure

1) PSI DATA SYSTEMS ....

2) Lakshmi mills...


Everybody must have seen Teledata informatics, i had in btwn mentioned i like all IT even a dud like teledata ...

Similar one side up stocks which i feel also deserve to run fundamentally ...

Trigyn Technologies ( somebody told me its operations in Us going gr8 IT ROCKS )

Tudor India ... not in IT but technically good one side movement to continue



Regards,

Nooresh

9819225396

nooreshm@hexaware.com

noorrock2002@yahoo.com ( not online in the day )







Article by Nooresh Merani

Nooresh has written 2595 articles.

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