Technical view by Nooresh

Wait and Watch ………

Sensex Technical View :
Sensex takes a small dip as expected. It needs to be seen how the indices react around 16900-17100 zone till then its a time to wait and watch and look for fresh stock specific opportunities. Investors would have generated cash and traders booked profits in last couple of days as was suggested. Markets still not giving clear signals but there are stock specific moves possible so keep tracking .....

Stocks to watchout for :

Autoline Inds recommended in the newsletter up 20 % today , Core sustaining arnd 230, Small stops hit in recent picks and lot of others booked so waiting for fresh trades...Reliance and TTML not able to sustain ...

Tata Steel showing strength . Technically sustaining 825-829 zone it shud tgt a quick upmove to 890 levels.
GSPL looks good for trading buy above 71.5 for tgts of 78 .
Maytas Infra could catch momentum if sustains above 895


The technical analysis session we conduct is for people who are interested in understanding the process of analyzing technicals in a simple , quick and efficient manner and would like to get independent in analyzing and deciding for themselves throughout in the future.

MUMBAI and AHMEDABAD are the cities where sessions are planned for 3rd and 4th weekend of MAY .

Interested people can call me at 919819225396 after market hours for queries and confirmations.

Best Regards,



Article by Nooresh Merani

Nooresh has written 2531 articles.

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