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 2744 articles.

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