Technical view by Nooresh

Midcaps/Smallcaps will remain in focus for medium term. Be selective

Sensex Technical View :

The view remains the same 17300/17000 and 17800 on upside.

Stocks to watchout for :

Modison does a good move look to book at 32/35.Ratnamani and Aarti may give a dip first and then pull up.

KOVAI MEDICAL rocks from 100 to 170 !! … Time to book profits if not done yet. Will revisit this post soon.


Although i am yet to completely do the research on this stock to cover it but the technical indications makes me write a little brief on it.

Good 30% div and a yield of 2.5-3%.

Curr mkt cap of 85 crores.

Book Value of 60.

Exciting business – Check company  site -

Small and Midcap Steel Stocks also look good technically for extreme short term.

Facor Alloys , National Steel and Agro, Tata Metaliks could do a move of 10-15%.

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Article by Nooresh Merani

Nooresh has written 2532 articles.

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{ 2 comments… add one }
  • bhatia May 2, 2016, 11:58

    while I like your analysis approach I find it irritating when I see no dates on your postings.
    would request to mention dates on articles as well as updates.
    a small Intraday Nifty view may be a great help.
    Amar Bhatia
    2nd may 2016

    • Nooresh May 2, 2016, 13:36

      Hi Amar,

      Over the years frequency has reduced due to multiple reasons from personal , business and regulations. You can register on the website and you will get an auto email.




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