Technical Analysis of Indian Equities by Nooresh

Stocks And Sensex…!!!

As said and shown on chart we remain to trade in the range of the channel as shown in one of our earlier charts ...

Some may call the last 2 days of run as rally i said it before and still it was just a reversal ...

We had written about reversal b4 thursday ....And we did see that and nifty making new high .,..still wait and watch our levels till then be quick...

The channel tops out around 14510 and we maintain the view fresh bullish break possible only if we stay above that level to take us to the possible levels of 14800 and 15050...!!!

The downside support remains as written before 14020 .....

Stocks to watchout for trading are Ivrcl and Castrol above 246 in A grp..

I would now advise staying light or quick trading ...


Circuit stocks : ( Plz keep stoplosses and if possible dont take this stocks for del if not mentioned) And buy only if its available 1-2% up from prev close not higher...

1) Premier Tyres

written first months back at 40 it ran to 70 again in next rally written at 76 buy for circuit and take small delivery also went to 95 ...

Now Again circuits possible but now 5%%% barrier so take few del ..People holding forget this stock..

2) Paradyne Infotech

I love IT heard its a nice stock ... Can hit circuit 10%% trade with strict stoploss ...

risky trades

Kew inds and Modern Steel ...

All give picks are trading picks only.... So please keep strict stoplosses...


Regards,

Nooresh

(feel free to call me btwn 4-9 .... for queries n services...)

noorrock2002@yahoo.com

noorrock2002@gmail.com

Article by Nooresh Merani

Nooresh has written 2581 articles.

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