Technical Analysis of Indian Equities by Nooresh

Small Cap Coverage – Lokesh Machines



One of the stocks which i had discussed a few days back at 60. 

After the research on the stock i would like to cover into our Small Cap Coverage segment for a target of 100 in long term which is a good 50%.




A strong investment pick for patient investors.Will try to post the fundamental view later in the weekend. Looks like the stock may move Autoline Inds.

Disclosure: Lokesh Machines has been recommended to our Delivery Gains clients !


By the way Apollo Hospitals has almost doubled from reco price 

Dhunseri Tea covered at 175-195 has given a breakout and should head to 250 in short term.





Article by Nooresh Merani

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{ 9 comments… add one }
  • Mohan October 14, 2010, 12:09

    Hi Nooresh,

    Thanks for the suggestion of Lokesh machines. I want your views on Pondy Oxides. I hold the shares @36. Is it a good investment and how long can I stay invested?

    • nooresh October 14, 2010, 13:17

      Hi Mohan.
      Pondy is a good stock to hold for long term.

  • BHANU October 14, 2010, 14:19


    thanks for Apollo Hospital pick, can you please comment on Spice Jet for mid term?


    • nooresh October 18, 2010, 10:46

      Hi Bhanu,

      Aviation is better a trading play not investment

  • Mihir October 15, 2010, 08:49

    Hi Nooresh,

    thanks for the reco.
    I have one query, what is your view on DFM foods and Jagatjit Industries for 3-6 months horizon. Is it a buy at current levels?

    Thanks again!

    • nooresh October 18, 2010, 10:46

      Hi Mihir,

      I dont track the above two stocks as liquidity is a concern

  • amar October 15, 2010, 09:44

    i have bought powergrid fut @ 113 cmp is 108 what to do hold it or book loss

  • dinesh October 15, 2010, 11:22

    please put some light on LNT. will it move to 2500???
    how much may be upward till diwali
    have 43 @ 686.00


    • nooresh October 18, 2010, 10:45

      Hi Dinesh,

      It wud be too far-fetched to expect 2500 for now but in more then a years time yes.


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