Technical view by Nooresh

MIDCAPS/SMALL CAPS FLY ….. Mentioned since last few sessions.

Sensex Technical View :

The view remains the same as yesterday. Will be focussed on the broader segment. 

Stocks to watchout for :

THESE ARE THE EXACT LINES WRITTEN ON MONDAY NIGHTs POST !!. BANG ON we saw a rally in midcaps. Have been buying selective midcaps since last week.

"The next round of opportunity lies in the MID CAP AND SMALL CAP SEGMENT as the broader market has still not rallied enough or participated . "

Agro Tech Foods 12% , Patel Int 10% , Kirl Oil 10% ,Time Techno 17% , Dishman 5% , IFGL 6% , Avaya 7% up for the day and in cases more from recommended price. So a clear out performance of mid caps. Had suggested more before that. 

Max India one of the favorites recommended at 105 is now at 180 + . Would recommend full booking and wait for declines to 150 -160. Continue to remain bullish on Fortis ,GDL,IFGL and others. 

Have not covered other stocks recommended to clients which shooted up 10-25% quickly( Everonn, XL tele,SCI etc etc ) . Will be in the May monthly report of client calls.

PTC India and Godawari Power Ispat are seeing good volumes and can be bought on dips as institutional interest expected in the same on back of Power story. Buy arnd 77/71 and 90/84.

Bank Of Rajasthan has not moved up sharply in comparison to other small banks. Expect a quick 10-15% move. Buy on dips to 47 as a trade. 

MICRO CAPS which can surprise in the next 1-2 months. 

Emmsons International. cmp 44

Gonterman piepers  cmp 19 

Indo Wind Energy 

Possible day trades in Mid caps for quick 5-15%.Stop of 4% frm yest closing price.

Manugraph ,Zee News ,Escorts,  NDTV ( 1-4 sessions ) ,Rolta ( 1-4 sessions ) .

People Interested in learning tehcnical Analysis Click here. 


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09819225396 ( aftr mkt hours ) 

Article by Nooresh Merani

Nooresh has written 2531 articles.

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