Technical Analysis of Indian Equities by Nooresh

Consolidation on ………Before we can start again….

We maintain the view of stock specific buying on declines till 13600-13800.The major support lies at 13100 levels in case of any bad news or in worst case little far fetched but . We would see fresh buying only if we are able to sustain 14400 levels so wait no secular run so soon…….

So use declines for specific stock picking … At this juncture when all are expecting a big rally remember one thing be a disciplined player and remain 10-25% in cash for good opportunities which may come in particular stocks…We would like to see some sluggish movement for next 2-3 days which also seems is gonna be the case…

FOR OUR EXCLUSIVE SERVICES CLICK HERE TO SEE HOW TO SUBSCRIBE FOR OUR ANALYSIS AND MESSENGER CALLS …or click on the top right link…Some previous sample newsletter for your view posted too…

Mumbai 05-06 ( only one seat left ) , HYDERABAD May 12-13 , Delhi May 19-20 …Kolkata tentatively June 9-10….Contact Me : Nooresh 09819225396 …..

Do go through our list of investment stocks given in previous posts and try adding it into ur portfolio ….

GSPL ( anytime blast ) , MOSER BAER( bonus haha ) Aptech ( RJ not gonna leave this multibagger ) , NIIT ( superb …..anytime blast ) Great Offshore and Naukri ( in 4 figs soon ) Pennar Steels ( continous circuits on cards ) etc etc …go through the archives for more of these picks ….

STEEL STOCKS :::: We were the only one who were bullish on TISCO ( at 450 ) , JSW STEEL ( at 490 ) , SAIL ( at 115 ) , Jindal Stainless ( at 132 ) …………………..where are they now …this is just the start ….

What are we now super bullish coz we remain bullish in long term and expect them to keep notching 52 week highs ….Traders should look for fresh highs as signal for momentum back …..Investors buy on every decline as said before …

Speculative Plays for short term Keep Strict Stoplosses as per ur risk capacity if u take a position :

Birla Corp should touch 270 levels in no time…Prism n Mysore also good in cement Pack…

GSPL if stays above 54.5 expect one side move ( lelo portfolio me rakho khush raho aur kuch matlo ) …

Arvind Mills ….Something cooking 10-15 % jump on cards….somebody eating this

IDBI ( keep for a yr ) …our long term favourite alongwith IDFC ….Soon 3 figs again…

Indus Ind bank call given at 43.50 can it do 50 yes maybe…

Mudra Lifestyle undervalued ha???? …above 63-64 ppl will find value ….

Best Regards,

Nooresh09819225396 ( mail me to know more ) ( Online Updates if any free calls ) ( BACK up ID )

Article by Nooresh Merani

Nooresh has written 2744 articles.

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