Technical Analysis of Indian Equities by Nooresh

Stocks to watchout for

Datamatics hits 20%% freeze ... from 52 to 80 still hold is ....

Lupin sails smoothly ....

As you must have seen that we have reduced our picks very less ..Coz what we have seen is people may get carried away in taking big positions without doing their own research ...

The alert sent before be ready to cut your portfolio is nearing its stages...

The last leg of bull rally which we were talking about is started as writtne about rally 2 days back ...

Ideally one need not make money in the last leg but keep exitting his positions to gather cash to pick good stocks at cheap levels in panics and every following panics...

So pack your cash bags now onwards, shift from junk or play light...At times its better to sit and watch then keep playing hard ....
So now on pickings should get more towards fundamentals and otherwise very very short term 2-3 day picks !!!!!

markets may knock 14500-14800 but the rally is not bullish but supply rally for fiis to lap up some quantity ....

Advise :

Play light stay on 25-40%% cash and this can be generated by selling duds and small losses then by booking profits in good stocks !!!

Duds will become paper in panics and gems will just need little polish to get back to shining...

Investment stock :

Panacea biotech very good co fundamentally and technically anytime run up !!!

Keep buying and adding to this stock for good gains.... In panics just add ... No stoploss its a long term bet...

Circuit hitters :

Ferro Alloys ...

I dont know anything about the fundamentals but as per my reading of this stock and the chart ... I feel it would knock some 3-4 circuits ...

Risk is very very high,...

Himachal futuristic has given a breakout on charts and can slowly and steadily hit 35 levels one of the risky stocks...

Suran telecom also can do circuit...

Regards,

Nooresh

9819225396

( call me btwn 4-9 .... except 6.45 -7.20 for queries n services...)

noorrock2002@yahoo.com

noorrock2002@gmail.com






Article by Nooresh Merani

Nooresh has written 2569 articles.

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