Technical view by Nooresh

Are we going beyond or tired. ………………

Sensex technical view :

SENSEX has seen huge resistance at 20500 and we have seen 2-3 tops in that range and the best thing to do for heavy traders is to be highly stock specifc and wait for clarity above 20500 or beelow 20050 . AS we have seen in the corrections before many of the stocks have actually run up in down markets....


IOC , HPCL , BPCL have rocked the streets ... As we said and frm the next day they have jumped up by 10-20% ....Still much more is left stay invested...

Just see the link for thee write up ..

GAIL earlier recommended many times is all set for fresh moves technically ne time. ... Funda wise undeervalued for years now ... Ideally a 4 fig stock in next 1yr ...Good fixed deposit ... NEW ADDITION TO MY OIL LIST

Stocks to watchout for :


THe stock has seen aa huge consolidation in the last 1 year and technically is waiting for a major breakout and close above 55 should trigger tgts of 65 and 75 .....The targets should be achieved
in quick time on confirmation of breakout ...Investors can buy on declines till 49 ..will post chart soon

Momentum traders can watchout for MRPL , JP hydro , ABAN lloyd ....could be firing ne time... 6-15% move

Small caps which can fire ; llil more risk ... yest weird idea is Umang dairy ...J K dairy ol name

ASHCO inds , BIhar caustic , ROMAN tarmat ..Take small exposure in all 3 for a month ...can give 15-40% returns also

TECHNICAL ANALYSIS SESSION : ( BATCH size is not more then 10 so book ur seats )

INDORE 5-6 JANUARY ( no seats left all done )

BANGALORE 19-20 JANUARY ( CONFIRM UR SEATS by mailing to or sms 09819225396 .. Will be informed of further notifications of venue etc )

MUMBAI session also planned for this month .... JAN 2nd week or JAn 4 th week .. Even PUNE possibl....Interstd ppl do contact soon...

Some thoughts :

Just a few days back i was checking mails and found out whole lot of reports and found out that so many of them haave been written on oour stocks ..... Well as usual being a minimilastic reader dint go beyond the intro :) 10 pages , 100 reports its like a novel ...Well so moral is do the research urself and njoy from the sstart then get in late ... We do right some stuff early on the blog though 😉

Mercator lines our reco at 58 now at 180 many reports now ...

GTL infra at 30 now 100 ....reports and more reports..

GREMACH 200 now 415 ........10 pages reports...

MCnally , etc etc thee list is long

REVIEW week wise for DEC

DEC 01-07 day wise reviw wat was written on blog .............EVERY FEW DAYS 1 week ....CHECK PREVIOUS POSTS and enjoy the analysis

JSW steel , HINDUja ventures , R systems charts shown achieve tgts ..SUGARS , LOK housin rocked in the said period..MID day multi did good ... NOBLE explochem still on ckts...

JK lakshmi , reliance , J L morisson dint move mucch ..

WEBEL solar now rocking and world talking , SRF rocked , TISCO stop hit , TATA chemicals said would do 400 + did that

NICHOLAS does tgt , RATHI udyog shoots....both charts shown

CAROL info , varun dint move then but now rocking as said in 3 weeks..

Best Regards,



Article by Nooresh Merani

Nooresh has written 2532 articles.

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