Technical Analysis of Indian Equities by Nooresh

SAIL set for 260 +, Ashok Leyland on verge of breakout

Sensex Technical View :

 

Sensex the upper channel resistance comes at 17900-18200 band. In the short term very strong support at 17300.

 

So till we dont go to either of the range difficult to take a short term trade on index. Continue to be stock specific. Gut feel suggests that midcaps may finally start zooming in April with fresh money allocations.

 

SAIL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SAIL seems set for a move to 260 + . Recommended today at 248. Now stop revised to cost.

 

Ashokleyland

 

Ashok Leyland seems to be headed for a breakout.

 

Regards

 

Nooresh

 

www.analyseindia.com

 

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Article by Nooresh Merani

Nooresh has written 2594 articles.

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{ 7 comments… add one }
  • SIVA PRAKASH April 4, 2010, 07:59

    sir,
    Your blog is very usefull to small investers like me. I request you to suggest me few stocks to buy for a long term view ( stocks for more than five years )

    Reply
    • Admin April 4, 2010, 15:37

      Hi Siva,

      I am not a long term visionary beyond a couple of years. You can look towards IDFC, Fortis, Max India

      Reply
  • Prabhakaran April 13, 2010, 08:49

    Could you please suggest me some stocks to buy for medium term (3 to 6 months)?

    Thanks in advance

    Reply
  • Rohan April 14, 2010, 16:41

    Sail broke down to 229 do you still feel it will cross 260+ in coming days ?

    Reply
  • hemang June 9, 2010, 13:26

    Hi,

    Can you comment on resugere mines, as i am got stuck in it.
    If you r not traking it, still what one should do here.

    Hemang

    Reply
    • nooresh June 9, 2010, 14:31

      Hi,

      Any rise to 80/95 should be used to reduce exposure.

      Regards,
      Nooresh

      Reply

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