Technical view by Nooresh

New high yet again ………Bears trapped but not killed yet!!!!!!

Sensex did our 1st tgt and not ready to consolidate and looks set for our tgt of 16200 area in sheer momentum .... All the analysts throughout or the junkie on the streets went around buying puts or shorting Nifty and ended up zeroing money ............ We dint give any short or exit calls yet on the market and puts to strict no ........... Well its pure technicals ....Technically sensex n nifty have formed a cup n handle formation implications of which is a very big move .....I will update the 1-2 yrs view on the markets in my next post enjoy .........

Today when the world was saying about weakness on basis of global indices were surprised isnt it .........Personally i read minimally beyond my scope of technicals and its understanding ..... The newsletter posted clearly shows our view on the markets today .... Uploaded on the given link

Walchandnagar hits upper freeze at 2310 levels .,...If crosses 2400 then 3000 will be quick .... Geodesic a funda pick given way back said hold for 1 yr rocking now....Elecon investment pick safe irrespective of markets ...

TECHNICAL ANALYSIS SESSION Schedule :Mumbai July 28-29..

Another session for delhi being planned interested people contact me to register so we can fix a good date .

Stocks to watchout for :

Action Construction alas crosses our range of 296-298 and hits upper freeze directly and expect one more tomorrow or at least a day traders stock ....

Apollo Tyres for 3 mths tgt 450-520 buy now and on declines..

Hdfc Ltd ... our evergreen stock i would never like giving a trading call on it but yes invest now and forget a big move is in the offing.,.....

Traders keep a stoploss of 1940 on closing basis and buy now HDFC ltd for a good 75-200 rs upmove in 1 -4 weeks...

Idea Cellular all set for 140-145 watchout ....

Weird Small cap Idea :

Ferro Alloys ( 10.38 )

One of the pump n dump stocks of operators in the rallies is back into reckoning expect a quick upmove of 20-50 % in extreme short term usual high risk high returns.....Pennies rock in bull rally ...Intra day ckt for sure...

I have not been able to handle any queries through the chatbox or other ways ... Now one good way i can do for all my readers is patiently try to solve queries in this week and weekend in the given timings...Also will try to see how we can do online conference through yahoo ...

Weekdays Nooresh 09819225396 ( 5 pm to 6.45 Pm )

Weekends ( after ( 3 pm only )

Best Regards,


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Article by Nooresh Merani

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