Technical Analysis of Indian Equities by Nooresh

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P-Notes …………. Clarity will emerge !!

There is one difficult thing about markets is to discuss , analyze , brag and put study and time into big words like p-notes, ratios , p/es , rollover , pcr , etc etc etc and other simple thing is to implement simple investment and trading logic to generate super returns . So as an investor and trader u have to decide whether you are in the markets for an academic exercise or for making money with lesser risk :). I have learnt one thing in my academic years as an engineer KEEP IT SIMPLE STUPID . The view is clear i suppose ..

Technical View :

Sensex continues to be in the range of 19200 to 17200 which is a very wide range as the volatility has been huge during these period ... The ADRs dont give an indication of a negative impact of sebi meet but the volatility will continue as there are whole line of announcements lined up like fed rate etc... Immediate support at 18300-18100 levels ...The strategy is simple look forward for stock specific moves with stops and trailing stops and investment ideas as long term scenario is excellent and opportunities galore..

Review :

Walchand nagar does 7700 + amazing run frm 1500 patience pays , Mercator does 128 frm 55 , Ind hume pipe covered earlier does 600 ka 900 , GE shipping 360 ka 460 ,GULF OIL shoots up 18% and many other investments rocking ..

TISCO does our 1k tgt πŸ™‚ intraday call given to clients in the day at 932 πŸ™‚ , ROLTA does 700 as said ,

Stocks to watchout for in good sentiments

Investors and traders can keep a close watch on sterlite , hindalco and RCOM for next 2-4 weeks as technically there are some good moves expected .... Watchout for new life highs as indications for momentum in them

Gallant Metal looks good for long term in the small cap steel ...Do ur own funda research

Weird Small cap Idea :

Bihar Sponge looks set for one side move and can give 50 % + returns in short term ...high risk

Varun Shipping and Tulip look good for short term wait for some action above 80 and 880 to enter

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Article by Nooresh Merani

Nooresh has written 2555 articles.

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