Technical Analysis of Indian Equities by Nooresh

Sensex – Will it continue to flip flop between 18500-17800 ?

Sensexweakjnes

 

Sensex Technical View:

In the last few days nothing much has changed but the higher bottoms being made suggests a move possibly to 18300-18550.

For now i expect volatility to increase as we reach 18300-18550 zones which can some good trading opportunities on Options as well as Index.

 

Stocks to watchout for:

 

Not many charts today but a quick view.

 

Fortis Healthcare has given a breakout and can head to 175 in short term. Buy in dips with stop of 155

Hindalco buy above 170 for an intra day tgt of 175.

Elecon Engg and Garden Silk Mills look interesting on charts. Watchout for any price volume action.

Hindustan Motors has given a technical breakout…. Is it indication of some news in the offing maybe yes … Buy on dips with a stop of 25.

Mirc Electronics buy above 30 for a quick move to 35

Tata Coffee has given a breakout the stock may head to 550 in next few sessions.

 

SMS PUMP AND DUMP CONTINUES !!!

 

Many stocks like FCS software dumped from 9 to 2.5 rs with supporting announcements !!

Nimbus Food , Sumedha etc etc. Still people get duped reading into this smses.

I had mentioned about this modus operandi in details some time back - http://www.nooreshtech.co.in/2009/10/sms-new-way-to-pump-and-dump-stocks-by.html 

 

Very recently i received a message to buy Wellpack Papers and Containers on lower freeze to dump the stock

I had posted a detailed article on Wellpack showing how grossly overvalued the stock was and since than its seen – WELLPACK CONTAINERS CLICK LINK HERE

Article by Nooresh Merani

Nooresh has written 2581 articles.

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{ 8 comments… add one }
  • Manav August 18, 2010, 11:55

    Hi Nooresh, is Prism Informatics another Veritas in Making 😉 ur comments pls

    Reply
  • Santosh Agarwal August 18, 2010, 15:21

    Hi Nooresh,
    Can you pls provide your views on aarti drugs and aarti industries?
    Also there is a rumour of bonus in aarti drugs in the coming AGM and there is a notification regarding development of land?

    Reply
    • nooresh August 19, 2010, 12:34

      Hi Santosh,

      Both the stocks look interesting with medium term outolook

      Reply
  • xyz August 18, 2010, 22:22

    Nooresh bhai no follow up on gold .. Already reached 1235 … Is it ready for massive breakout … This link looks a bit interesting

    Reply
    • nooresh August 19, 2010, 12:34

      Hi,

      Gold is not a instrument we trade but an academic exercise !

      Reply
  • xyz August 19, 2010, 12:14

    Autoline did more than 200 .. Sir ur not following up on stocks like u use to do 2-3 yrs back …. Ur happy clients getting 10-20% returns …. Earlier ur calls would give more than 30-50% returns plus no. Of calls have too increased … We can’t do all of them and unluckily I miss the good ones 🙁

    Reply
    • nooresh August 19, 2010, 12:34

      Hi Xyz,

      First of all i would be banning you from posting further as you dont disclose ur identity even after me asking !

      Well blog is a free service ! cant expect more then this.

      Autoline Inds a detailed report was sent to clients with technical and fundamental view of 180+ target. From a price of 140 that is 25-30% return. So one needs to have patience and we are doing many 20-25% trades and people no more have the patience they had like before 😛

      Regards,

      Nooresh

      Reply
  • xyzh August 19, 2010, 12:39

    Autoline did more than 200 .. Sir ur not following up on stocks like u use to do 2-3 yrs back …. Ur happy clients getting 10-20% returns …. Earlier ur calls would give more than 30-50% returns plus no. Of calls have too increased … We can’t do all of them and unluckily I miss the good ones 🙁

    Reply

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