Technical view by Nooresh


Technical View : Sensex has almost filled the gap we spoke abt and look for exhaustion after that ... The current pullback is more of a breather and supports are placed at 18050 levels which are to be seen..Be highly stock specific and cautious also as corrections even small ones can effect leveraged traders... Investors have nothing to worry

Stocks to watchout for :

GE Shipping and GAIL look good for safe investment for long term players those who want safe returns and can accumulate on declines with patience and hold it too :)... Its in the same cato

CAIRN and SKUMARS deserve a look for the FNO traders ... Keep them on your watchlist and look for some momentum buying ... The above stocks can catch fire in coming weeks....

Weird small cap idea : K Sera Sera ( 532081 )

The stock is a very risky bet so those who have the risk apetite of 20% loss capacity can go for it on current levels or wait for momentum above 26-27 levels ... Can do 45-50 in coming weeks ..

I continue to remain bullish on the construction space and the stocks like IVRCL , PATEL engg ( its rocking 480 ka 630 ) , HCC , Parsvanath , Nagarjuna const , Prajay Engineers ( worth a look only one down in hydbd ) , DS Kulkarni ( bottom fishing ) ...

So those who are patient investors can take exposure in the stocks they like in the sector and with their research... So do ur own research as my views are more of logic and technically biased and timed :) ...

Neways EID Mubarak and Happy Navratri to all the readers...




Article by Nooresh Merani

Nooresh has written 2532 articles.

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