Technical Analysis of Indian Equities by Nooresh

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After Sugars !! …we enjoyed realty !!

Sensex touches 16400 levels.. This is nearing the top of channel so the risk is high for fresh commitments ..So be highly stock specific as there is an impending dip from the top of channel.. Keep strict stoplosses and trailing stops to conserve the good gains made... We have had a gap up opening to so that could be the next support 15940 ... Will update more on Sensex in the weekend ..Start getting on to cash if u r not so confident or dont know much about ur portfolio ..At least dont take fresh buying into anything and everything at current levels wait for some dips .. Investors can wait a lil to enter and hold on to earlier investments as medium term still remains gr8

After Sugars rally many people got stuck today at higher levels , thats why u need bit of technical timing πŸ™‚ ... We were out there booking profits ( tgts surpassed yest itself ) coz as we could smell the news on the charts πŸ™‚ .. Buying unknown sugar stocks could be the right thing ..

In last 3 days we gave calls on Mahi gesco , peninsula , bombay dyeing , HCC , Ind Bull realty...all gave good moves of 10-15%

18-Sep-2007 11:37:29 Buy small qty in peninsula land 53031 stop of 538 tgt 565-590 for 1-2 weeks hold ( went till revised tgt of 620 )
18-Sep-2007 13:32:22mahindra gesco seeing good buying watchout for 605 crossover in coming days for quick move to 640-700.( did 665 )
19-Sep-2007 12:20:54
HCC btst tgt 142-149 investment 170 stop 135 for BTST ..


20-Sep-2007 10:02:25
BUy Ibull real at current lvels part qty add arnd 528-530 for short term ( did 590 intraday )


Review of yest :
TEch Mahindra flopped as dollar price variation so shud be exitted , Arvind Mills stop hit ,
TAta Chemicals rocked up 10% ...Investment call hold on will put up chart on weekend excellent formation
Ind Bull realty moved as expected ..will give detail on weird ideas ..

WALCHANDNAGAR INDS ROCKS !!!!!!!!!!!

Had been saying for so long frm 1600 consistently repeated hold on for 1 yr and see the magic .. Hits 4500 + today i.e 3 times from recommendation .. Now i would advise booking half or more and wait for declines or ride the rest .. Somebody also commented i spoke on it only when it rose after coming down a bit ... My reply was same only buy dont sell and todays rate clears some more myths πŸ™‚ ...Now the world is talking about bonus , split , etc etc .. we spoke about the same at 1/3 price πŸ™‚

Few days back we had recommended RPL to be added to fresh long term investment and gave a short term tgt 140 which is done still hold on for long term ...RNRL also rocks ...REL our fav does 1000 almost frm 590 levels , TAta power and other power stocks hold on ...

Stocks to watchout for :

BEML looks good for long term safe investment ...Once it crosses 1300 then it would be momentum based run ...Investors can keep accumulating on declines with a target of 20% in next 3-6 mths .

Petronet LNG ....Seems to be set for new highs in coming months once it closes above 70-72 range will give a quick move... Delivery call given to clients today at 67.3 add more above 69 ...

Intraday or 2-3 days trades :

Aditya birla nuvo , KRBL , Radhe developers , RUby Mills .... Keep a stop of 2% to todays close gains of 5-15% in next 1-4 sessions ..Intra day ckts possible too in last 3

Short term traders can look to buy Centurion Bank of Punjab and Mysore cements ... Look for good volumes and momentum to initiate trade keep a 2-3% stop from current levels


THOSE WHO ARE SERIOUSLY INTERESTED IN LEARNING TECHNICAL ANALYSIS CAN GET IN TOUCH WITH ME NOORESH - 09819225396 and noorrock2002@gmail.com for MORE DETAILS . WE WILL SOON BE COMING TO OTHER CITIES FOR THE SESSIONS . SO DO SEND IN YOUR CONTACT DETAILS if interested.

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Best Regards,

Nooresh

09819225396

meraninooresh@yahoo.com noorrock2002@gmail.com

Article by Nooresh Merani

Nooresh has written 2556 articles.

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