Technical Analysis of Indian Equities by Nooresh

Nifty at 6000 – Sensex almost at 20000 — We predicted this 2 months back !!

Finally we may see Sensex at 20k and Nifty at 6000 tomorrow ideally !!

 

In the last 1 to 1.5 years apart from this website we have been conducting Seminars ( many were free)  in many cities across India ( Mumbai,Delhi,Bangalore,Pune,Ahmedabad,Surat,Chennai) to give a detailed presentation of our Analysis. Thanks to all the participants who made them a great success:) and hope you all benefitted and profited immensely in Cash and Knowledge from the same.

We started conducting our seminars in last year to create more awareness about Technical Analysis with the first one being conducted in Mumbai on August 09 2009. It was named ' Sensex - the next MULTIBAGGER' which is our view that Sensex could do 44k/77k by 2018 and 27-32k over the next 3 years. The precursor to this presentation was in September to 2005 at 8k with the same view.

You can download that presentation from this link -

 

At that point Sensex was at 14k-15k when the presentation was made.The detailed analysis for the same was shown only in our Seminars and the powerpoint will not be shared as the long term analysis done by us can be copied 🙂

Similarly in our latest Seminars in Mumbai on AUGUST 01 2010 and in Thane on Sept 4 2010 had given a detailed presentation with a CLEAR CUT VIEW - that 20500 is what we see in coming months. With no diplomatic view as given by majority of analysts 🙂 Read our previous posts i confirmed the breakout also few days back.

Today after 2 months Sensex is at 20k and very close to our target. If we are able to possibly catch the next move which could ideally be a Correction then expect a posting soon. We might get Corrections but not Crashes is the view ( 2008 was a crash but 2006 was a correction- Hope ppl understand wat m looking at )

For the rest of our detailed services and to be guided by a strong Research base readers can always join our Advisory Services - For more details check this link -   http://www.nooreshtech.co.in/services          or mail us analyseindia@gmail.com or call Asif 09833666151

For now i would suggest profit booking at 20000-20500 or keep strict trailing stoploss. Finally NO LEVERAGE at all. ( For the record last 2 weeks we were leveraged and slowly reducing and at 20.5k we would be totally out of leverage and high on cash as part of discipline )

Stay Tuned for more updates. Also would suggest readers to pass on the website link to all their colleagues so more people can benefit from the Efforts made to write this blog :). Also please do your own research and risk management.

Also after the rainy season getting over and a little lesser personal commitments we plan to conduct our training programmes out of Mumbai too.

 

Tentative Schedule:

Mumbai Sept 25-26

Ahmedabad Oct 9-10

Bangalore Oct 16-17

 

Delhi/Hyderabd if possible in November. For more details you can mail us with your contact details on analyseindia@gmail.com or give me a call on 09819225396 (  after market hours only ). Kazim our Training head is out of town for a week 🙂 so u can also get in touch with Asif 09833666151 in case not able to get through me:)

 

Have been very busy with stock specific trades in Client Advisory etc and new venture. So will post stock specific updates tomorrow. By the way had mentioned HUL as a pick for people who would like to join us. Stock did a move from 275 to 295 hope people made money to join our Exclusive services.

 

Stay Disciplined with Stoplosses.

Cheers,

Nooresh

09819225396

nooreshtech@analyseindia.com

Article by Nooresh Merani

Nooresh has written 2571 articles.

You can follow Nooresh Tech on Facebook and Twitter here.


{ 16 comments… add one }
  • Kishan September 21, 2010, 01:16

    Dear Sir,
    I have holdings in mutual funds of about Rs. 8 L please suggest me how to hedge this
    from the upcoming correction. (10% or 20% what ever it is) because it means a significant
    amount to me.
    I invested through SIP, should I book profit or should I buy 6000 Puts of October at the
    current level as a hedge.

    Kishan.

    Reply
    • nooresh September 22, 2010, 01:04

      Hi Kishan,

      You dont need to hedge it.

      Mutual Funds are for long term. Can look to remove money and put into stocks direct else just stick to the investment plan.

      Next few years are going to be great

      Reply
  • Deepak September 21, 2010, 14:20

    Sir,

    Please post performance of delivery gains plan. I m really looking forward to subscribe it.

    Thanks

    Reply
  • Mihir September 21, 2010, 14:25

    Nooresh bhai,

    any stoploss for DIC India? it is decreasing every day? can I add more ?

    Thanks!

    Reply
    • nooresh September 22, 2010, 01:04

      Hi Mihir,

      No stoploss keep holding with medium term view

      Reply
  • Nirmal Bhattacharya September 21, 2010, 14:41

    Hi Nooresh,

    Your last year Diwali pick is being Rocking “Delta Corporation” – Reco price @ Rs.54.10/- and now @76.75.

    Well done analyse india. Well done Nooresh & Great honourable Mr. Fidai.

    Cheers

    Reply
  • kalpesh September 21, 2010, 17:46

    nooreshji…

    what a call of mphe. and simence..

    now send a post for DIWALI gift..!! for one year holding..!!

    Reply
  • SIVA PRAKASH September 21, 2010, 18:07

    Sir,
    PLS arrange one seminar at COCHIN
    regards
    Siva

    Reply
    • nooresh September 22, 2010, 01:03

      Hi Siva,

      If you have a group of interested people we can do that.

      Can call me on 09819225396

      Reply
      • SIVA PRAKASH September 23, 2010, 09:35

        sir,
        Pls let me know the minum no of pple required to attend the seminar,
        the expected entree fee etc…

        Reply
        • nooresh September 24, 2010, 01:32

          Hi Siva,

          Call me on 09819225396

          Reply
  • Kishan September 22, 2010, 00:31

    Dear Sir,
    No one answered my query, I don’t know why ?
    I am sorry to have posted here ( if this comment box is only for subscribers).
    Please delete my e-mail registration for followup comments notification.

    Kishan.

    Reply
  • rochak September 22, 2010, 01:55

    dear kishan

    sorry to interfere, but can t restrain myself, as i know nooresh personally. He is a great guy.

    Well, ur query is being replied.

    u shud apply patience in ur behaviour, even , if it wasnt replied.

    Kishan September 21, 2010 at 1:16 am

    Dear Sir,
    I have holdings in mutual funds of about Rs. 8 L please suggest me how to hedge this
    from the upcoming correction. (10% or 20% what ever it is) because it means a significant
    amount to me.
    I invested through SIP, should I book profit or should I buy 6000 Puts of October at the
    current level as a hedge.

    Kishan.

    Reply

    nooresh September 22, 2010 at 1:04 am

    Hi Kishan,

    You dont need to hedge it.

    Mutual Funds are for long term. Can look to remove money and put into stocks direct else just stick to the investment plan.

    Next few years are going to be great

    Reply

    Cool down, calm, relaxe.

    I know these people. No one wud mind it, that u reacted this manner. but, u need to retrospect urslf.

    Sorry nooresh, sorry kishan, sorry nooreshtech team

    for interfering

    Reply
    • nooresh September 22, 2010, 22:41

      Hi Rochak,

      THERE was nothing wrong in the comment so chill

      Reply
  • PRATIK MORE September 22, 2010, 20:40

    dEAR NOORESH JI,

    I M PRATIK FROM KOLKATA,
    AS PER UR RCMNDTN (NOT BLAMNG TO U SiR EVEN TGH I HV EARNED MONEY FROM UR RCMNDTN LK IN KSCL, ARVIND, ALPHAGEO, AKSH OPTIFIBRE & HUL ETS. SIR, THANKS 4 THIS).
    I HV BGHT RICO AUTO @30 * 1000 SH & INDO RAMA @43 *1000 SH. WHAT SHULD TO DO RITE NW.

    WL WAIT 4 d UPWARD MOMENT OR CAN AVG AT THIS LVL.

    I ALWAYS BELIVE IN UR VIEWS & WAIT EAGERLY AT MORNING 4 UR NEWSLETTERS IN MU E-MAILS SIR, IF U RCMND ANY STCKS, G8 FOLLOWER OF U.I NVR CHCKS ITS FUNDAMENTALS, BCOZ U HV RCMND SIR. I ALYS REQ U 2 TK SEMINAR AT KOLKATA. I WL TK D RESPNSBLTY 4 ALL ARNGMNT SIR.

    PLS PLS PLS HELP ME OUT.

    REGARDS
    PRATIK MORE
    KOLKATA.

    Reply
  • alfiesaden January 4, 2012, 16:28

    hi there – is it just me !! can any one explain why when i type in the yahoo browser “www.nooreshtech.co.in” i get a different site yet whe i type it in google its ok? could this be a bug in my system or is any one else having same probs ?
    alf

    Reply

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