Technical Analysis of Indian Equities by Nooresh

Top so near …………………yet so far…..

For last so many days , weeks , months half of the street is waiting for the top and then correction ……………So all u do is go short in expectation of a 300 point fall on Sensex and averaging on the rise till 500-600 points up and feel a winner when they make some points……………. But in the process u missed out on so many opportunities… When all these shorters from lower levels cut their positions then is the time to top out……..Or when u hear ur paanwaalas or no knowledge people start talking about the sensex..

Simple way to go is be stock specific with STOCK SPECIFIC STOPLOSSES……… If u have stoplosses the risk is always calculated at every step correction or runaway whatever..

Sensex continues to be in momentum and should take a breather between 14950-15200 which will be a good range to lighten yourself from overbought positions in the index stocks…

Skumars boldly written target 115 and 150 … In less then 4 weeks target of 115 achieved gains = 30% +..

http://nooreshtech.blogspot.com/2007/06/skumars-nationwidesaying-frm-82.html

Pritish Nandy written boldly accumulate this stock for tgts 100-150 touches 100 + in one month gains =30% …………..Patience and power of technicals

http://nooreshtech.blogspot.com/2007/06/pritish-nandy-communications-long-term.html

This was there for everyone …………… Investments in good stocks pays trading haphazardly doesnt , either be equipped with knowledge or pray 🙂 …

Era construction tgt given 460 at 360 gains = 20% + ………in less then 2 weeks… ds kulkarni 240 to 285=== 15-20% in less then 2 weeks…….

http://nooreshtech.blogspot.com/2007/06/era-constructions-and-ds-kulkarni.html

Stocks to watchout for now :

Investments for 10-30% + gains in 3 mths to 1 yr safe stocks if declines buy more ..

Man Inds …

SRF ( recommended at 163-168 to clients and add at 177 today for possible huge move in short term )

Lupin ( very hot for short term also )

Venus remedies

Supreme Inds buy 60% now rest on declines….

Aptech Training and SQL Star ( lesser exposure as small cap )

Fundamentals are intact for years in these now technicals will roar ….

Check the link below had u read it well u would have made safe money investing in some of the above stocks and also be comfortable in adding today when i m repeating them …

http://nooreshtech.blogspot.com/2007/06/markets-down-investments-on-highs.html

Trading Picks :

Mahindra Gesco above 588 and Deccan Aviation are risky picks for 2 days to 10 days period…

Regular readers can mail us their Contact Details like Name , City , Occupation and Phone no to our mailing address noorrock2002@gmail.com .If we have some free investment ideas and calls which we would share very rarely may come to you through a sms from Analyse India 🙂

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

Regards,

Nooresh

09819225396

meraninooresh@yahoo.com noorrock2002@gmail.com

Article by Nooresh Merani

Nooresh has written 2744 articles.

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