Technical view by Nooresh

Watchout 20k !! …. Reliance can only take it over..

Sensex Technical View :

Sensex has given a good move above 19400 levels and 19800-20k levels would be seen soon and crossing that in coming few weeks would decide the year end :) .... Reliance Inds is about to break out of the 2930-2950 zone and could be the main trigger to take 20k levels if it has to :)

Review : Intra day mid day , techno , Sel do good moves ... u got to be quick in booking profits in momentum picks :) JSW steel , hinduja , R systems keep trailing as trades triggered , Avantel book part at 100 + , Core Projects from 200 to 330 another never sell on a roll :) Alpha Geo 150 ka 800 :) many such from our archives ...

Stocks to watchout for :

Reliance Inds

As was shown in a chart few days back there is a huge move which is on cards in the stock ... The stock was recommended for short term at 2750 and looks set for 3200 levels in short term if sustains above 2930-2950 zone ... Investors can add now also

J L Morrison ( 506522)

after a long time fixed deposit investment low risk high returns and long term holding needed.... Accumulate in 410-445 range stock for slow and steady returns .....( earlier we had covered GMDC , JINDAL SAW , BRItannia , Pidilite etc in the same segment )

JK Lakshmi Cement ( 500380)

One of the excellent cement companies with gr8 results and good valuations ... Its a pure investment pick which is about to breakout on charts ... Can expect a tgt of 230 -260 in next 3 mths

Small Cap Surprise return stocks ... ( can run non stop for few days,,, High risk high returns )---

Rishi Laser ( excellent chart ), Adhunik Metals ( mining story we covered it at 80 before now at 190 )

Intra Day traders : ( be quick to catch and keep booking partially on rise in the day... risk is moderate )

N.. INDS , Decolight , Adhunik Metals....

SOme messages sent to clients in last few days :Can see the movement of the prices after the messages:

03-Dec-2007 12:12:07

PRAJ inds buy small quantity for delivery at 205 add at 196 or above 213 in momentum for a tgt of 225-230

30-Nov-2007 13:15:04

Short term Del call : BUY IDFC at 203 and keep provision to addf at 195-190 for a tgt of 230-240.

03-Dec-2007 10:08:55
Nitin fire buy above 432 for momentum and delivery between 425-418 . tgts given in newsletter

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Best Regards,



Article by Nooresh Merani

Nooresh has written 2531 articles.

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