Technical view by Nooresh

Watchout 20k again !!! Alert

I had started a new category of calls which were long term multibagger view ...just mentioning a few...

1) Mercator Lines 60 ka 150 still more to come

2) GTL infra 37 ka 65 and more to come

3) Mcnally 210 ka 290 ...just started

4) Core Projects ... 200 ka 380 ... next educomp

5) Ispat Inds ..............aah i wont give the link as it would take the whole post :) saying frm 18

Many others do need a mention out here Like Walchand , GMDC , Niit , aplha Geo , educomp , Aptech , Aban etc etc

Sensex Technical View :

Sensex continues to face huge resistance at 20k zones and its time to be alert and strict with stops as if new highs are not made in next 2-3 weeks then expect a good meltdown. Long term and intermediate trend remains up n up only ... Traders need to keep check on leverage .. Investors nothing to worry at all ... 20200-20400 zone very crucial

Review : MCnally starts zooming , Shiv vani does 600 ( conviction in the stock fundas ) , Ispat does 70 whoaaa , Core 380 , Gtl infra 65, KCP ltd does 600 , JSW steel goes towards 1200
many such stocks ..intra stocks only radhe does good others flop , risk is high as always in such stocks///

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 :

Carol Info and Varun Shipping ( only above 86 ) look good for 3 weeks period

TVS Motors looks a good for short term if sustains above 73-75 can do 85-90 levels in short term .


FNO trading :

One of the simplest facts about FNO is the instrument was meant for HEDGING and not for speculation :) ....

One common thing i have seen in novices or newbies is they would call up and say i am ready to hold till this expiry or end of this month !!! I cant understand the logic a futures positions can be rolled over for years ( with some cost of rollling it every month ) and how come a month becomes a criteria . Coz in that sense best time would be the first day of the next series isnt it ...

As a mathematician i still dont get how come FNO becomes so different from equity . FNO is just a derived instrument !!!

I meet a whole lot of people who say i lost lakhs of rupees in FNO ... But i never see somebody telling me i lost because in a particular stock which i bought fell 10 -20- 30%% or more...

One of the biggest mistakes in FNO trading :

I have always heard people say man lost 50k in RPL today !!! When i ask him he would say i bought 2 lots( 3400 odd size ) at 200 sold at 193 in the day as it fell ... In real and absolute terms that would be a fall of 3.5 % on the exposure taken.

And the same guy would say made 30k in RPL next day coz bought at 200 sold at 205 !!! ... well thats again 2.5 % !! ... IN SUCH CASES JUST SEE HOW MANY TIMES U HAVE TO GO RIGHT TO MAKE MONEY !!!! risk to reward is -ve .

So mistake is u dont see % neither do u see the risk all u see is clear money which is not so quick and not so easy to make :) !!! ...

So ideally a trader can make good use of FNO with a good risk to reward . Will elaborate more some other time ...hope some newbies got a gist... Comments welcome as i m half asleep while writing this !!

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BEst Regards,



Article by Nooresh Merani

Nooresh has written 2531 articles.

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