Technical Analysis of Indian Equities by Nooresh

Be stock specific ….. Trail and let profits run …




Sensex Technical View ;

The view remains the same sustaining above 17200 implies a move to 17700.


Stocks to watchout for :

Rcap did a small move in morning then volatility in it killed the move. KKCL and Nilkamal hold. Bombay Dyeing wait for it to come down.

Allahabad Bank buy above 122 for a tgt of 130-135. BHEL buy above 2520 for tgt 2560-2600 stop 2490.

Sugar stocks have given fresh breakouts. Triveni and Renuka seem safer bets for 1-2 weeks buy on declines.

High risk traders can watchout for Energy Dev , Ramsarup Inds, Sundaram Multi Pap for 2-3 weeks.

Nagarjuna Fertilizers chart posted.

Long term INVESTMENT VIEW MAINTAINED ON ; Divis Labs, Sharyans Resources, Clutch Auto , Saraswati Ind , Tata Sponge , J K Agri , Revathi

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Article by Nooresh Merani

Nooresh has written 2601 articles.

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