Technical Analysis of Indian Equities 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 πŸ™‚ …. 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 πŸ™‚

Review : Intra day mid day , techno , Sel do good moves … u got to be quick in booking profits in momentum picks πŸ™‚ 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 πŸ™‚ Alpha Geo 150 ka 800 πŸ™‚ 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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Article by Nooresh Merani

Nooresh has written 2744 articles.

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