After the fall in DOW jones there were so many messages flooding my messenger and calls about a black friday and monday etc etc and all we said was wait and hold ...
these were the lines of todays newsletter and its pity clear ...
SHOULD WE GO & SELL? IF THAT IS THE QUESTION YOU ARE ASKING AT THE MOMENT, THEN ANSWER IS """NO"""
On Friday itself in the day i made 2 posts !!!
SENSEX support at 15130 and we would not go below that and those waiting for correction should enter now ( bold and contra way ) .,.....Sensex low 15135 !.................I think this much inaccuracy is acceptable .. Also for Nifty too gave the chart and said enter now...
Pure technical analysis !!
All the stocks in the mid n small cap segment have recovered back to the thursday levels and higher also only A group stocks are a lil aback ...
View now :
Sensex has given a good reversal sign as per candles and should fill up the gap down at 15650 which will resist ... Fresh upmove would be seen on close above 15800 and will negate all bearish possibilities ... Strategy is simple keep strict stoplosses and conserve the profits gained and never remain over leveraged thats a personal view coz i dont like margins or leverage
EDUCOMP hits 2630 on BSE .. does 2570 1st tgt ... now set for 2680 !! ....
Eicher motors still a hold , Jp Hydr stable , Ferro Alloys yet another ckt 10.8 to 14.18 cool gains and more to come , Foundry fuel 9.70 to 11 a laggard , Peerless abasan fresh move 70 + now frm 28 hold , Expo gas 9.5 to 36 exit if u have not , Mukat pipes 1st ckt ...
Stocks to watchout for short term :
SBI has given a good breakout and a close above 1630 should tgt 1760 levels in extreme short term
Punj Lloyd on close above 290 should tgt 305-320
Elecon Engg for investment keep holding the stock as safe fixed deposit and tgt 700 -1000 in 3 mths to 1 yr and good enough returns ... can move in short term also
Indo tech transformer another investment pick for short to medium tgt 20%
Risk calls :
RNRL to tgt 48-50 in extreme short term ,Kirloskar ferrous to hit 55 -60 in 2-3 mths , Ramco systems 20-30% upmove on cards....
THOSE OF WHO ARE BASED IN DELHI OR NEAR AND ARE INTERESTED IN LEARNING TECHNICAL ANALYSIS DO GET IN TOUCH WITH ME FOR QUERIES AND DETAILS ... NOORESH 09819225396
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