Technical view by Nooresh

Sweet Sugars……..Rocked or shall i say LOCKED !!

Sensex makes a new high and clears all the weird bear calls which people gave some weeks back !!! Well so many so called smart fellas , graphists ( wont call them analysts ) , economists , TV analysts talking about subprime crisis , credit fears , FII pullout and wat crap .... Every fall sees all this guys blaring on TV , same will change colours today !!!

Technically 16400-16600 is the upper line of the triangle so i dont expect a weekly close above it soon ...A dip or consolidation is in the offing after the current rally which would subside newhere in the given range ...

SUGARS ROCKED or shall i say LOCKED !!!

Every sugar stock listed on the exchanges were freezed at 20% and FNO ones 25% + ...Some are still left which should run tomorrow...Last whole week i kept mentioning Sugar stocks ... Also day before yesterday title was Sugars might be next ....!!

19-Sep-2007 11:36:59

Sugars seeing good buying hold on and can be added for further momentum

SMS n online Message sent just check the time and go on ne site to see intra day data !!! Renuka sugars was trading at 560 and Bajaj Hind at 150 !!! when i sent this to my clients then up 25% !!

Delivery recommended at lower levels in last 5-8 sessions also !!

Walchand nagar hits 3900+ enjoy

Stocks to watchout for :

Tata Chemicals for investment ..will put chart tom

Ind Bull realty for short to medium term looking hot on charts

TECH Mahindra looks good for 100-150 rs upmove

RDB Inds, MGF india , TVS finance for few ckts ....weird small cap ideas !!

Had loads of work today and also had the duty to watch INDIA :) Yuvi 6 sixes... So no updates tonight if i get time in the morning or later will do so...

Well go through so many of the previous posts like the one on the right side on sugars....can read last few days posts and also when markets were at crucial points !!

Best Regards,



Article by Nooresh Merani

Nooresh has written 2532 articles.

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