Technical Analysis of Indian Equities by Nooresh

Up up n Away ……Bears wounded on the way …. 15k :)

Sensex crosses 15k Cheers..... It has killed many bears on the way who just averaged and averaged its just about time we should see the last ones stripped of their pants..... Personally right after 14700 and till 12300 i had given very few short calls good ones though .....Since then i have always been giving u buy calls though people do pester me for shorts but i persevere ,till we are able to find good investment and trading stocks with decent retunrns not of short calls from me and u cannot short in cash so not many choices .....

Sensex if seen as a normal stock chart is a cup n handle and should at least touch 15400 in minimum scenario and in my fibonacci analysis the resistance are placed at 15650 and 16200 .. This is a pure technical view giving disregards to the chart being comprised of 30 stocks.....

Blue Star , Lakshmi Machine works start of right away with small decent moves... Bartronics freezed 10% yet again frm 140 to 167 🙂 ... Investments are the way keep patience and hold or forget in these markets and u will be a winner...Greenply inds another old stock has moved up smartly ... deep inds, Pnc, SQl star , freshtrop , adorwelding etc have jumped smartly in the current run ,....

NIIT our all time fav with Aptech , educomp , Jetking and Sql Star in the IT training and education sector is notching up new highs 1200 from our reco price at 350-400 ....Still i maintain hold on all the above and add if u have the patience to see the story grow ya they are multibaggers ....

Stocks to watchout for short term :

Sterlite Inds ...in my recommendations right from 480-490 levels... Now has given yet another fresh breakout and is set for yet another move targetting 650 levels ... buy at current levels and declines....

GAIL on declines for patient investors or close above 322 ...tgt 340-360

High Risk High returns :

Buy EKC above 1140 tgt 1210 -1260 ... stop 1095

Gayatri Projects for extreme short term traders...

Investment stock :

NESCO ...Another stock which has huge properties namely NSE grounds Mumbai etc ... HAs still not seen a bounce in the current rally ....It is equivalent to buying real estate at options type prices.... RIsk and patience needed ...

TECHNICAL ANALYSIS SESSION Schedule :

Mumbai July 21-22..

Do register and confirm if you are serioulsy interested ...

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 2595 articles.

You can follow Nooresh Tech on Facebook and Twitter here.


{ 0 comments… add one }

Leave a Comment