Technical view by Nooresh

Review — Some thoughts …

The last 2 weeks have been majorly witnessing MIDCAPs and BROADER MKT move up.

The very first post on MIDCAPS being re-rated was on August 11
After that the index corrected to 14700 and the view maintained all through this period but people have been so focussed on the index the real moves on the broader market was not noticed !! .......
Many of the discussed stocks have given returns of 20-40% in quick time and i still expect similar moves to continue but it will get selective from here.
Index went from 15500 to 14700 but in the same period stocks like FSL ,Hind Oil , IOC,Lakshmi Over , GSPL ,Ganesh Housing and many more. Even Today Aptech did 20% freeze , Alpha geo 15% in the day.
Now i would expect many other analysts,tv people start talking on Midcaps and small caps but do take care on what you are buying .... We do our research on Client calls :) so do your own too....
Also last week had shown charts for world indices about how a possible pullback can be seen in Dow and China which would reciprocate with India and bang on the index recovered sharply. Sensex triple support chart was sent to clients signifying importance of 14600-14700 support.
Yet again i would like to warn investors to take care in coming days and trade/invest in quality midcaps as there could be lot of speculative activity with duds being shown to be gr8 investments. Avoid pennies unless its for fun. ( Had discussed about Anu Labs,Vishal Info)
SENSEX the next Multibagger .. a technical view
We had conducted a seminar in Mumbai on the above topic. Had discussed 2 stocks mainly Hind Oil exploration and FSL as gift picks .........Hope people who attended the session have been enjoying the moves in the same.
Will continue to put my technical views and observations to guide investment/trading decisions.
To end of some more thoughts :
I see lot many investors/traders who have been particpating in the market without any experience or reasons. Everybody loves to trade/make mistakes lose money /make money and keep speculating but there are very few people who would like to Learn or go for professional advice :)
Simple reason ... This is the only job/business/field where in one needs no qualification or experience to get into :) By the time you get experience there is lot of time/money opportunities lost ................
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Article by Nooresh Merani

Nooresh has written 2532 articles.

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