Technical view by Nooresh

Gap ups and Gap Downs !!

Sensex technical View :

Sensex pulled down a bit from 19000 zone as expected and now downside supports are placed at 17500 -17800 . The gap up few days back was filled and now we have a gap down which is left. As had been mentioned before Jumps and dips would be part of the consolidation . Look to buy quality stocks on dips in coming days .

Stocks to bottom fish .

Arvind Mills , Parsvnath Developers, peninsula Land , Hind Oil exploration look good for short to medium term. look to buy on dips with a tgt of 10-15% gains.

Not many trading calls as of now pasting some of the messages sent to clients .

05-Feb-2008 10:43:40

High risk players can buy small qty Neyvyeli Lignite at 155-156 stop of 150 tgt 165-169 . Time period 1-4 sessions .

05-Feb-2008 14:20:34

Tgts achieved for Neyvyeli at 169 book fully or keep trailing at 162 for part qty.

05-Feb-2008 15:12:15

HIGH RISK BTST MRPL AT 87 tgt 92 stop of 84

06-Feb-2008 14:15:41

BUY SMALL quantity ISPAT at 46.5-47 stop 43 tgt 51-54. Time period 2 weeks. Hold previous qty bought at dips.


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Article by Nooresh Merani

Nooresh has written 2532 articles.

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