Technical Analysis of Indian Equities by Nooresh

Bears Killed, chameleons ( analysts ) changing colours

We were the only ones to say in this entire correction ( mind u it was a correction ) as we are in a bullish trend only ...The world went gaga over 11k and sub 11k levels ...one of the brokers i called up he said till u dont see 4 figures on sensex dont buy ...well had u listened to them u would have lost on the bluechips u holding for years and also the current 1000+ point upmove...

Analysts were zooming on tv channels as we are in deep trouble ....Now same guys saying we missed the fall by a whisker hahaha....

Our view remains same 13300 if sustained for 4-6 sessions then forget 12300 which was our fibonacci magic level area ....Now be stock specific always keep trailing stoplosses to conserve profits had u done this last time around u wont be regretting not listening to us ...

Dow Jones as said in our post who says US economy is going to the dogs has clearly shown bullishness and above 12750-12800 on it even analysts in US will hide their faces...


One question a guy asked me recently is all your investment items run 10-20% in no time ....You dont give me time to accumulate ...Great offshore from 630 to 760 ...Tata elexsi from 295 to 245 ... UTV from 300 to 335 ....Naukri from 700 -730 to 820 ...Abg shipyard also the latest one...Alpha Geo , educomp , tulip run only on circuits no corrections...

I am really sorry guys being a techie i start liking my vision scrips more only when it starts cooking something on charts ...

In the stocks to trade segment for swing traders RCOM achieved 1st tgt of 439 almost , jindal stainless , rpl , ivrcl has triggered a buy and expect them to reach tgts soon...

New addition in stock to trade:

Dabur only above 96 tgt 99 -103

Godrej Inds buy on opening till 192 to sell on circuit

hind oil exploration news of RJ taking stake ..Global Vectra punter call...

Investment Idea :

Jetking Infotrain :

Another aptech in the making ...I have somehow refrained from this stock for coverage in our IT training sector picks coz of illiquidity but investing is not a problem i feel if u can accumulate this stock ...Once liquidity comes or volumes pick up expect it to run on circuits...

MUKTA ARTS :

T2T stock now ...On monthly charts it is about to break out seems if u have patience maybe subhash ghai is scripting a happy ending for u ...expect it to give 50% returns ...

Regards,

Nooresh

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Article by Nooresh Merani

Nooresh has written 2595 articles.

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