Technical view by Nooresh

Alas ……… some Breather and a lil Caution

Sensex did not close above 15600 levels for the 2-3 days needed so still its about keeping strict stoplosses to all short term positions .. In our case many stocks hit trailing stoplosses on friday and had given a message for the same by email to people on my google group also :) extreme short term Support around 15320-15350 ..

As i have always maintained it is more important to conserve the gains then to make profits ...

The saying goes this way : If you are plain lucky you can definitely make some good money in stocks , but need to be alert and smart to conserve the capital and the profits gained...

The last few messages sent to clients on friday to alert them

07-Sep-2007 14:55:21 Friday selling could be seen reduce intra day or btst positions

07-Sep-2007 15:14:49 Exit long positions in stocks like BRFL , Steropt , BEML , Sugars , JET ,Suzlon and others as all have hit trailing stoplosses...

Mail sent to google group :

Fri, 7 Sep 2007 15:17:27 Subject : Reduce short term positions as caution

Exit long positions in stocks like BRFL , Steropt , BEML , Sugars , JET ,Suzlon and others as all have hit trailing stoplosses


Long term stocks which can also become multibaggers in next 1 -2 yrs. one of the best way to go in such stocks is to build ur portfolio by doing a weekly or monthly investment irrespective of price and starting of with a base quantity so u dont really miss out if it rises quickly... The stocks will take time to catch markets eye and needs patience .. Mainly vision + technicals . And be ready to see arnd 15 % decline frm current levels also ...

Will start of with one stock whenever i get the time ... Earlier baggers which we picked out are many .. Educomp , IFCI , Aptech , Alpha Geo , Aban Lloyd , NIIT , Niit tech , Rolta , Tulip IT and some more ...


Reasons for earlier and current recommendation : ( well not all my views will be factually very correct so do ur own research )

-> Telecom sector is on a boom ... Network infrastructure and tower business should be in gr8 demand ..

-> RCOM tower business is given good valuations if i have read it well sumwhere... GTL infra has a gr8 business model and with promoters GTL have hiked stake in last few qtrs

-> Technically with a lesser historical data cannot say really much but close above 39-40 can easily fetch a target of 50-60 in short term and long term funda story is great for a bagger view .. Keep investing till 32-33 and forget the stock forever

-> -> Already recommended to clients at 38 levels after which it did 60 target and gave us super returns .. This was never mentioned on the blog , though some smart people could have noticed it in yahoo messages pasted on the blog :) ... Still some clients would be holding on to the rights shares given at 10 rs for every share ( so adjusted buy price would be 24 or below ..... The stock is still trading at 60 levels if we dont consider rights .... CMP 37 ...

Will keep adding to the list of such stocks ........Others can also share investment ideas on our googlegroup

Stocks to watchout for :

Neyvyeli Lignite ... Only above 87.5 for short term

Adhunik Metals .. Another punter stock which i m hearing good reviews in the market .. the ckt limit and group has changed so watchout for some exciting moves...

For subscription to our client recommendations check for details

Best Regards,



Article by Nooresh Merani

Nooresh has written 2532 articles.

You can follow Nooresh Tech on Facebook and Twitter here.

{ 0 comments… add one }

Leave a Comment