Technical Analysis of Indian Equities by Nooresh

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TECHNICAL ANALYSIS SESSION MUMBAI

APRIL 14-15 th i.e this saturday and sunday ....Those who want to learn the art of technical analysis the way we do it practically and effectively do get in touch by today evening ...LAST FEW SEATS LEFT ...we dont take more then 8-10 people max at a time...

People SERIOUSLY INTERESTED in learning based in other cities get in touch via phone and send a mail to noorrock2002@gmail.com with your contact details so we can work it out .

The first thing anyone asks me is what does nifty look to you ...As if everyone is having 100 lots short or long open ...Get this one point clear my friends you are investing or trading in stocks mainly ...Always look where your money is or where you want to put it ...Indices are just a jumble of stocks with differnet weightages......You will always have outperformers and underperformers...


Markets to remain in sideways mode only till 13300 is not cleared ...during all these fluctuations in the major indices we have been able to spot decent performers for investors and cool trades for traders...Stock specific is the view...Cements , Steels , Midcaps all bounced as we analyzed...
A personal feeling is the Infosys results are going to be good only maybe guidance may not be gr8 but if it cracks i dont think so much but accumulate on declines would be the call...

INVESTMENT PICK :

Forgot to mention NAUKRI i.e INFO Edge ...I really love this stock just because there is no other listed stock which does this same job can touch 4 figures in coming months...

Charts will be put up soon no time due to may commitments..

Review of picks :

Nicholas gave a false breakout in the day but still if sustains 257 levels exect good upmove...

Sterlite gave a -8 rs upmove still looks good..

TATA teleservices if u r game for risk u will get gains ...Gesco did bounce but not much still if sustains 620 expect the move...

Stocks to watchout for :

HERO HONDA we have been bearish for last few days ..if sustains below 620 big breakdown on cards...Avoid autos dont go fishing ...

Wockhardt remains our favourite investment in Pharmas ...BIOCON looking hot on charts if breaks 520 levels in coming weeks expect fortunes for this stock to change...

Paradyne info if sustians 100 expect 10% circuit...

Take care in the volatile days ahead keep strict stoplosses and trailing stoplosses to conserve profits...Its not necessary to trade everyday neither is excessive trading a way to make more money ...

Best Regards,

Nooresh

9819225396 ( call for queries and services )

meraninooresh@yahoo.com ( NEW ID add for online views )

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Article by Nooresh Merani

Nooresh has written 2595 articles.

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