Technical Analysis of Indian Equities by Nooresh

Channel on …………………….till then no worries..

Sensex is still in the parallel channel as shown few days back ...The bottom of this channel is now placed at 14150 levels .... till we dont close below those levels i maintain the view to hit the top of the channel in coming weeks....Whether china falls or the world falls let the chart show some break below 14150 till then FNO settlement etc is not what we look when we are analyzing charts .....The top of the channel is too high at 15k+ levels but 14700 if taken over then we open up to 15k+....

But above all SENSEX at 15k or at 14k will not give us gains.,.... Stock specific u get returns and by gods grace we are able to find good picks for our clients and u all ...Larsen n Toubro was our call for big move and guess what the biggest gainer on SENSEX 🙂 still much more left big story will unfold fundamentally , technically we caught it dunno what the story is but there has to be something demerger , re rating coz of subsidiaries etc etc bonus all specualtion coz chart shows movement no news :)....

Hind Oil exp hit intra day tgts frm 108 to 114-115 .....closed up also

Rel inds Infra did move in the morning but closed low stoploss hit ,....

Adani Ent said to buy at lower circuit 191 to 219 in the day closed at 214 +.......This was fundamental call and logical :).....15% in the day in half qty to ur capacity so at least 8% on ur capital u wanted to put ....

Alpha Geo ( doubled ) , Oil COuntry ( doubled ) , Mukta Arts ( intra day upper 50% returns ) ....Hit upper freeze....Sterling Bio does 180 + frm 168 tgt of 185 for 10% completion enjoy...UTV shit hit one more mannnnnnnn investments rock we missed it although made money frm 330 to 460 ...In that sense we maintain Long term calls On TATA ELexsi and Pennar inds as safe bets and fixed deposit baggers

Stocks for Trade :

Jet Airways maintain 2 week hold positional and accumulate on lower levels...

High Risk High return :

Buy Guj Nre coke earlier recommended at 36 to clients and everyone ....

Now at 58 buy till 56 stoiploss at 53 tgt 75 + in next 3 -6 mths ...Above 60 will see momentum ..

Jubilan Organosys is another fixed deposit stock to accumulate and look for 15-20% annual returns year after year ...

Jk Inds in the tyre stocks looks good for investment watchout .....

FOr our SMS service + newsletter + yahoo messenger check http://analyseindia.blogspot.com for details and mail to noorrock2002@gmail.com for payment details....

TA course schedule

MUMBAI June 02-03

Kolkata June 09-10

Regards,

Nooresh

09819225396

meraninooresh@yahoo.com

noorrock2002@gmail.com


Article by Nooresh Merani

Nooresh has written 2583 articles.

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