Technical view by Nooresh

Bounce back but still 15150/15550 needs to be conquered.

Sensex Technical View :

Although the index bounced back from the lows of yesterday but this has led to a much tighter range in the last 2-3 sessions which is 14700-15150 approximately or around 4350-4520 on Nifty.
On the upside resistances are placed at 15550.
Continue to be stock specific as the major action has shifted
Stocks to watchout for :
yuken has moved from 76-78 to 88 book part. Tata Elexsi needs to sustain above 176 for further move.IFCI wait for 54 cross.Omnitech and Helios gave a spurt.Godawari BGR wait for crossover. Take soln stop 37.
Aditya Birla Nuvo looks good for short term tgt of 1035-1050.Buy on declines to 950 stop 930.
LIC housing continues to stay strong with sideways consolidation. Buy if stays above 645 tgt 680/730 in short term. Stock has moved a lot so keep a stop of 3 % .
Investors can have a look on Easun Reyrolle for medium term with a stop of 68. Do ur research.
MAN inds could give a breakout if closes above 54.
High risk trade for short term -- Buy GHCL above 42 stop of 39.5 tgt 47.
IOn exchange a smart 7% move today. Maintain bullish view for tgt of 125.Even Hikal , Bombay burmah and ITD cementation good too for investors.
ORG informatics could be another ckt hitter like earlier speculative picks like Om Metals,Camson ..........Only for penny lovers.


AUGUST 29-30

( No requirement of any technical knowledge, learn simple practical technical analysis which works )

Its better to pay and learn something which stays for a lifetime. But many prefer to lose in their speculative trades then to learn :)

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Nooresh to confirm your seat/queries / details.

BEst regards,
Nooresh 09819225396 ( after market hours )

Article by Nooresh Merani

Nooresh has written 2532 articles.

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