Technical view by Nooresh

Stale Mate…….. Bears and Bulls

Sensex Technical View :

Sensex is maintaining the range between 17200-17300 and 18300-18500 on upper and lower sides and we will continue see small stock specific moves .. So continue to stay calm and wait for next 2-3 weeks which will give a good direction .

Stocks to watchout for :

SAIL looks good for 248 levvels can buy on dips .
Ranbaxy keep a watch if breaks above 435 till then nuthin doin .
Banks have seen some goodd selling on back of Plr rate cuts which might affect margins but a good correction should be seen as an opportunity to buy for long term . Would prefer SBI , PNB etc
Infosys as was mentioned above 1600 is good does 1640 and still some more to come keep trailing ...

Messages Sent yest n today

20-Feb-2008 14:38:03
buy GMR infra for btst at 174.5 stop of 170 tgt 182 -187
( was trading at 172 that time )
20-Feb-2008 14:48:26
Keep a strict stop of 169 for GMR infra.
21-Feb-2008 10:30:10
Book partial profits in GMR at 181-182 raise stop to 176 next tgt 188.

21-Feb-2008 11:05:53

Infosys looks good above 1600-1605 can buy on dips around 1570 stop of 154 tgt 1660-1720.
( was trading at 1595 did 1640 by end of day )

MUMBAI FEB 23-24 .

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.

BEst Regards,


09819225396 ( after mkt hours 😉

Article by Nooresh Merani

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