Technical view by Nooresh

Enjoy the ride …Trail the positions….

Sensex continues towards higher levels and should face resistance at 15550 zones and a dip from those levels would be good ... The dip doesnt imply u got to exit .. Be stock specifc and continue trail ...

Review : Apollo Sindhoori given at 168 does 215 tgt :) ---24 August on blog Apollo Sindhoori watchout for short term moves stoploss 159 buy arnd 168 or on sustaining above 176 tgt 195-210 , Indo tech , elecon engg , Mcnally bharat and many others have continued to rock ,, Nagarjuna fert 42 more then double ,etcetcGENUS Overseas does 515 frm 450 many more have moved well

NTPC , REL( again fresh call today at 815 ) , Jp Hydro , Torrent Power , Tata Power ( again an add cal ) all power stocks we continue to maintain bullish view for 6 mths ... Recommending from very low levels ...Go through the archives cant repat lot of stuff

TECHNICAL ANALYSIS SESSION MUMBAI : Tentatively scheduled Sept 08-09 do get in touch to confirm your entry ....For more details Nooresh 09819225396 ...Also people from other cities interested mail me ur details so we can arrange a session in the city , Delhi is on cards soon ..

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Stocks to watchout for :

Omaxe Ltd

Looks good on declines till 320 stoploss 317 tgt 360 + in extreme short term .. A good weekly call .. Above 338 intra day tomorrow also

Lanco Infra

buy on close above 299 -300 for a tgt of 325-340 in short term stoploss 288

Weird Small cap ideas :

Jayaswal NEco and Tourism FInance recommended earlier can still be added turnaround stories. Noble Explochem do some research there are some really good things in it , twon new good additiongs

NAgpur Power

Another unknown power stock which can go 30-50% from current levels in short term ..risk is high gains also

NEPC India

One of the highly rated stock earlier has corrected a lot and looks a good level to buy if u like the idea... There might be people who r stuck at higher levels can double average now 50-100% appreciation in next 1-6 mths

High risk day traders :

Alchemist given yest for trading hit 20 % today lil unlucky us , Aksh Optifibre looks good for morning trade , Century TExtiles a good one at 795 for tgt 815 ( our del call open in it though frm 735 )

Best Regards,



Article by Nooresh Merani

Nooresh has written 2531 articles.

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