Comments on: Sensex headed to 18400 …. Where are the Bear Analysts ??

By: nooresh

nooresh — Fri, 23 Jul 2010 20:35:02 +0000

Hi Fire,
We booked out 80 points odd in the previous dip and have again started building shorts slowly at 5450-5460 but not the total quantity yet.
Would expect a decent dip. The reasons to trade are basically a good risk-reward ratio for shorts at 5450 and above.
Regards,
Nooresh

By: nooresh

nooresh — Fri, 23 Jul 2010 20:33:37 +0000

I will have a look but its already moved a lot so lesser comfort.

By: nooresh

nooresh — Fri, 23 Jul 2010 20:33:05 +0000

Stoploss 44 tgt 49 for near term.
Long term could be pretty good but momentum would come on closing above 50.
Cheers,
Nooresh

By: harun

harun — Fri, 23 Jul 2010 04:16:20 +0000

nooresh sir pls tell me tgt and stoploss for gtl infra

By: HIMANSHU SHAH

HIMANSHU SHAH — Fri, 23 Jul 2010 04:12:33 +0000

also look at igarashi motors brekout above 81/-. 1st trgt 105/- and then 125/-. auto ancilliary venture between crompton greaves and igarashi of japan. turned around in previous fin.year. and quoted at prospective pe of 5. (channel breakout tested at 67). share your views please.

By: Fire

Fire — Fri, 23 Jul 2010 02:05:46 +0000

Sorry, it should be 5450 instead of 4950. I don’t know how I made that error.

By: Fire

Fire — Fri, 23 Jul 2010 02:03:07 +0000

Nooreshji,

I am following your blog for the last few months. You have given amazing analysis and calls. Personally, I am mainly a Nifty trader. As I remember, just a few days back, you had poste that one should go short@4950 levels and above with a SL above 5530. After that we have hardly 100 points dip. You had talked about a deep fall even if Nifty or Sensex is to break the upper boundary of the channel.

Is that view changed now?

And can you post a chart of BankNifty?

Thanks,

Best Regards,

Fire