Technical Analysis of Indian Equities by Nooresh

Sensex and stock view

Stay Away from indices written so many times and go for a stock specific approach ....!!!!!...

The markets were supposed to correct after not being able to clear 14100 ... But as a disciplined player you are not supposed to sell for corrections ...

Stock specific movements were evident with 20% circuits in our stocks and mtnl , gail , etc went good despite of markets ...

Stocks to lookout for :

1) Tech Mahindra ....

Infosys results bad or good seems it will be result days for tech mahindra ...

if sustains above 1720 then on 1750 above break quick movement to 1900++...daytraders enjoy for 2-3 days but with strict stoplosses..

2) Jagran Prakashan ...

Written previously also in between at 300 levels ...Now charts pe kuch to bhi ho raha hai can go 10-15% tom or any one day in coming weeks.....

Federal Bank i am loving it!!!!!!!!...

Lanxess Abs given at 175 now 195 this is just the beginning...

Sharp traders watchout for 2 denim stock s...

Aarvee denims ( very quick trades ) ..

KG Denim ( 10%% in 2-3 days ) ..

PUBLIC DEMAND : ( I AM NOT RESPONSIBLE FOR ANY OF YOUR TRADES U DO IN THESE)

1) Harig Crankshaft ( cmp 1.89 tgt 2.30 non stop and 3++)

2) Mega Corporation ( Z grp stock ... cmp 1.81 tgt 3.20 ++ )

3) JK inds ..( cmp 1.55 tgt 2.1 and 3 ++) ..

This is just for gamblers ..!!!!! Discipline is more important i would say just see circuits in these dont buy !!!...

Circuit hitters :

I have always specified in circuit hitters risk is high and strict stoplosses are necessary ... i repeat STOPLOSSES ...

So if we catch a lot of circuit hitters does not imply we are always right so play in your limits ......

We are pure analysts and not operators...

Regards,

Nooresh 9819225396 ( call me btwn 5-8pm .... for queries n services...)

nooreshm@hexaware.com

noorrock2002@yahoo.com




Article by Nooresh Merani

Nooresh has written 2571 articles.

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