Technical view by Nooresh

Fed Cut markets already discounted it !!

Sensex technical View :

Sensex has made a new high but still it would only be convincing 20200-20400 is surpassed with good strength and till then its better to be cautious then optimistic. Supports on the lower side at 19800 in extreme short term .

Fundamentally and sentiment wise a .25 basis cut has already been factored in so as u say buy on rumours sell on news . Such a phenemenon seen in DOW and could be tomorrow in Asian markets.

As a matter of fact we advised reducing leverage and generating cash in last 2 days . Stock specific activity was only advised.

Review : Spentex inds does 1st tgt 42 , Rain does 80 ...

TECHNICAL ANALYSIS SESSION MUMBAI DEC 15-16 . Interested people can get in touch to confirm their entries.

The course is designed in such a way that u need no knowledge of technicals or fundamentals just brief idea of mkts. The course is meant to train and make people independent and be able to analyze the way we do it in a simple manner. All those who are really interested in learning the analysis can get in touch if they have any queries . Nooresh 09819225396.

Stocks to watchout for :

Weird small cap

Super Spinning Mills looks a good bet for high risk players for a tgt of 30 in short term with a stop below 18.5

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Article by Nooresh Merani

Nooresh has written 2531 articles.

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