Technical view by Nooresh

Will it wont it !!

Sensex has given a good bounce out of the 14600 range ... Sensex has come out of small triangle and pennant formation which is around 800 + points....So the current retracement should take a breather around 15060-15100 ... Also there is a gap left at 15060 area which is left to be filled ... And 61.8 % retracement around 15100.... So if somebody who is leveraged should make themselves light around 15k levels... Ideally i would expect a consolidation in this range with max upper limit at 15300 only on close above that could we see a fresh move...

Just noticed the blog has completed 1 Lac hits in last 8-9 mths ... more then 500 posts on the main blog itself ... More then 500 + hits per day for last so many months ... Hope all are enjoying the posts .... Soon planning to shift to a website also once i get the time to make it a good one...

Of yesterdays btst qty of nifty gave a good gain early morning with a gapup ... Century textiles also was up till 775 given at 735 still looks good for del...

Apollo Sindhoori the call of late has inched up to 185 levels ...given at 168 around 8-10 % gain...

Many other investment picks of safe category like elecon engg , sanghvi movers , indo tech transformers, andhra petro have remained stable and are still quoting above reco levels...

Stocks to watchout for :

Vikas Metal ( 532677 ) buy part qty now and add on declines till 16.5 stoploss 15.6 on closing basis ... Or buy on close above 18 tgt 20-24 in short to medium term

Risky Pick : Buy Netflier finco ( 532860 ) around 35-37 levels stoploss 33 on clsoing basis tgt 45-55 ....High risk call

Other stocks which could move in coming days for traders....: XL tele , GLory Poly , Mic electronics, Parekh Aluminex , Eimco Elecon

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Article by Nooresh Merani

Nooresh has written 2532 articles.

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