Technical Analysis of Indian Equities by Nooresh

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Bounce and consolidate …….!!

Technical View :
Sensex remains in a consolidation range bound move between 17100 to 19200 … Till the range is maintained and we consolidate look for stock specific moves… Supports for extreme short term 18300 and 18000 ..

Review :

walchandnagar does 7400 , core projects 230 , Mercator lines 116 frm 55 ( recommended accumulation in declines few days back ) , TISCO does intra tgt of 925 looks set for 1k ,

GE Shipping aggresively recommended to clients at 360 many times does 455 today still holding for more …

some of the messages

Nooresh Merani (10-03-2007 2:26:16 PM): GE Shipping about to break 360 levels ….Buy and forget this stock irrespective of mkt volatility ..If u have patience ( first move frm 360 to 390 in minutes )

Nooresh Merani (10-17-2007 9:58:26 AM): bUY GE SHIPPING At 355-365

( In the morning of lower freeze market )

Nooresh Merani (10-17-2007 11:01:12 AM): GE Shipping can be bought at 370 or below in FUTURES also for those who have patience

Nooresh Merani (10-17-2007 2:09:02 PM): GE Shipping futures at 432 book if u want to ….

( cool 50 bucks …50 *1200 = 60k in the day )

Nooresh Merani (10-17-2007 2:24:51 PM): Those who booked ge shipping futures at 430 + can re enter now and forget the stock

( reentered at 420 and still holding )

So all in all 50-90 bucks per lot ….i would rather put it 25% on the stock which is good enough on a highly traded and less volatile stock ……

This is just one of the stocks ……

Stocks to watchout for now :

ROLTA …high risk traders can buy it on every decline for a tgt of 700 + …high risk high returns ,…. ( long term reco frm 270-300 some of my old readers would remember this )

RPL …yes our favourite …recommending frm 115 and before that at 70 …and many times … BTST frm 187 carried home… we trade the stock and hold to investment call frm 115 tgt 250 -300 πŸ™‚ short term 210 is possible

Action Const looks good for 450

Weird small cap ideas :

Cerebra int and BCC Fuba also Panyam cement ( lil less risky ) ……………high risk players can look towards it for 25-50% gains risk 15%


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Article by Nooresh Merani

Nooresh has written 2744 articles.

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